585 Clover Lane, STE 1-4, Ashland, OR 97520
$2,200,000
Property Type:
Commercial Sale
Square Footage:
11,585
Lot Size (sq. ft.):
26,572
Status:
Closed
Current Price:
$2,200,000
List Date:
8/05/2022
Last Modified:
11/06/2024
Listing Details MLS# 220151475
General Property Information
- Building Area Total
- 11585
- Building Area Source
- Other
- Building Area Units
- Square Feet
- # of Units Total
- 4
- Year Built
- 2007
- New Construction YN
- No
- Zoning
- E-1
- Tax Annual Amount
- 8514.99
- Tax Year
- 2021
- Potential Tax Liability YN
- No
- Assessment YN
- No
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- First American Title Company
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Additional Features:
3 Phase Electric; ADA Comply; Free Span Roof; Mezzanine; Office Space; Separate Electric Meters; Separate Gas Meters
Common Walls:
No Common Walls
Construction Materials:
Steel Frame
Cooling:
Central Air
Flooring:
Carpet; Concrete
Foundation Details:
Concrete Perimeter
Heating:
Forced Air; Natural Gas; Radiant; Zoned
Interior Features:
Ceiling Fan(s); Wired for Data
Levels:
Two
Roof:
Metal
Security Features:
Smoke Detector(s)
Existing Lease Type:
NNN
Owner Pays:
Exterior Maintenance
Tenant Pays:
Common Area Maintenance; Electricity; Gas; Insurance; Interior Maintenance; Janitorial Service; Repairs; Sewer; Taxes; Water
Utilities:
Electricity Connected
Government Overlay:
Enterprise Zone
Lot Features:
Level; Sprinklers In Front
Miscellaneous Information:
Overhead/Dock Doors
Parking Features:
Asphalt
Patio and Porch Features:
Patio
Road Frontage Type:
Private Access
Road Surface Type:
Paved
Special Assessments:
None
View:
Cascade Mountains
Sewer:
Public Sewer
Water Source:
Public
Documents on File:
Profit and Loss Statement; Rental Agreement
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 585
- Street Name
- Clover
- Street Suffix
- Lane
- County
- Jackson
- State
- OR
- Postal Code
- 97520
Contract Information
- Original List Price
- 2200000
- Listing Contract Date
- 2022-07-21
- Dual Listing YN
- No
Remarks and Miscellaneous
- Public Remarks
- Investors! Here is your opportunity to own a well-maintained, flexible-use, light industrial property, producing an income with a single tenant NNN lease. This flex-use building has 30/70 ratio office to light manufacturing/warehouse-use constructed of structural steel, skinned in architectural metal and large storefront glass to give this newer building a timeless style. This building could provide a headquarters for the most innovative businesses for years to come. Built in 2007, this structure is just beginning its life on one of the country's busiest interstates, I-5 with 20,000 avg. daily traffic, in the highly sought-after town of Ashland, Oregon, 14 miles north of the California border. Property performance is attractive at a 5.4% CAP Rate, single tenant, NNN lease and possibility of extending lease terms. Not an Investor? End-user looking for a new location in Ashland, OR? This property could be provided to Buyer the chance to occupy the building within a few months of Closing
- Leased Components
- Tenant has leased the property for 14 years and would like to pursue a long-term lease.
Status Change Information
- Close Date
- 2022-11-09
- Under Contract Date
- 2022-09-09
- Status Change Timestamp
- 2022-11-09
- Close Price
- 2200000
- Sold Price per SqFt
- 189.9
More Information
Currently Not Used
- List Price per SqFt
- 189.9
Business Details
- Business Included?
- No
Income and Expenses (Annual Amounts)
- Cap Rate %
- 5.4
- Cap Rate Basis
- Current
- CAM Cost
- 1200
- CAM Frequency
- Monthly
- Net Operating Income
- 117944
Miscellaneous Information
- # Overhead/Dock Doors
- 4
- Ceiling Clear Height
- 20+
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 18
- # of Carports
- 2
Documents
Floorplan ›
Listing Office:
Cascadia Prime LLC
Last Updated: November - 06 - 2024
Information deemed reliable but not guaranteed.