4411 Brownridge Terrace, Medford, OR 97504
$2,280,000
Property Type:
Commercial Sale
Square Footage:
6,877
Lot Size (sq. ft.):
23,522
Status:
Closed
Current Price:
$2,280,000
List Date:
4/26/2022
Last Modified:
11/05/2024
Overview
Description
Listing Details MLS# 220144065
General Property Information
- Building Area Total
- 6877
- Building Area Source
- Appraiser
- Building Area Units
- Square Feet
- # of Units Total
- Yes
- Year Built
- 2009
- New Construction YN
- No
- Zoning
- C-N
- Tax Annual Amount
- 6236.22
- Tax Year
- 2021
- CC&R's YN
- Yes
- Preferred Escrow Company & Officer
- AmeriTitle, Medford, OR / Melanie Smith
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Additional Features:
ADA Comply; Office Space
Basement:
Exterior Entry; Unfinished
Common Walls:
No Common Walls
Construction Materials:
Frame
Cooling:
Other
Flooring:
Hardwood; Stone; Tile; Other
Foundation Details:
Other
Green Building Verification Type:
Other
Heating:
Heat Pump; Other
Interior Features:
Built-in Features; Ceiling Fan(s); Granite Counters
Levels:
Three Or More
Roof:
Composition
Business Type (AKA Sub Type):
Dental
Flood:
Unknown
Utilities:
Electricity Connected
Lot Features:
Corner Lot; Landscaped
Miscellaneous Information:
PUD
Other Structures:
Other
Parking Features:
Asphalt; On Street; Parking Lot
Road Frontage Type:
Shared Access
Road Surface Type:
Paved
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 4411
- Street Name
- Brownridge
- Street Suffix
- Terrace
- County
- Jackson
- State
- OR
- Postal Code
- 97504
Contract Information
- Original List Price
- 2280000
- Listing Contract Date
- 2022-04-20
Remarks and Miscellaneous
- Public Remarks
- Beautiful, Long term NNN leased dental building located in the prestigious East Medford area. PremierCare Dental Centers has leased this property since February 6, 2015 on their original 15 year lease (expires Feb. 6, 2030). The building currently has approx. 6,877 square feet finished with an additional 2,000 sf of unfinished storage area in the basement portion of the building. Currently, PremierCare utilizes approx. 200 sf. of the basement with the remaining 1,800 sf. being vacant storage. Please note that although the property historically has been single tenant, Landlord has the right to lease the 2nd floor (+- 1,500 sf) and basement (+- 2,000) to another tenant with no reduction of current Base Rent. Landlord has given permission to Tenant to occupy the loft and a portion of the basement until such time as Landlord wishes to find another tenant. Please contact listing broker for more information. Please do not disturb tenant.
- Directions
- Please see the attached map.
Status Change Information
- Close Date
- 2022-05-31
- Under Contract Date
- 2022-04-29
- Status Change Timestamp
- 2022-06-01
- Close Price
- 2280000
- Sold Price per SqFt
- 331.54
More Information
Currently Not Used
- List Price per SqFt
- 331.54
Business Details
- Business Included?
- No
Income and Expenses (Annual Amounts)
- Cap Rate Basis
- Current
- Net Operating Income
- 144898
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 16
Documents
Tax Data ›
Listing Office:
Merit Commercial RE, LLC
Last Updated: November - 05 - 2024
Information deemed reliable but not guaranteed.