6427 Crater Lake Highway, Central Point, OR 97502
$6,125,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
2,090,880
Status:
Closed
Current Price:
$6,125,000
List Date:
7/14/2016
Last Modified:
11/01/2024
Overview
Description
Listing Details MLS# 102959938
General Property Information
- # of Units Total
- 10
- Year Built
- 1997
- Zoning
- OSR, LI
- Tax Annual Amount
- 48601.93
- Tax Year
- 2014
- Sign On Property YN
- No
Property Features
Additional Features:
3 Phase Electric; Expandable
Construction Materials:
Block
Foundation Details:
Slab
Roof:
Metal
Business Type (AKA Sub Type):
Industrial
Sewer:
Public Sewer
Water Source:
Well
Documents on File:
APOD; Profit and Loss Statement; Rental Agreement; Schedule of Tenants
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 6427
- Street Name
- Crater Lake
- Street Suffix
- Highway
- County
- Jackson
- State
- OR
- Postal Code
- 97502
Contract Information
- Original List Price
- 6500000
- Listing Contract Date
- 2015-10-01
Remarks and Miscellaneous
- Public Remarks
- Attention Investors! 100% LEASED 8% CAP NET INVESTMENT- 13 High Quality Industrial Buildings Totaling 137,400 sf on approx. 48 Acres. Actual NOI = $518,458 (w/ 5% Vacancy, Management Fees, & Misc. Exp.). Top quality construction completed in 1997 thru 1999. Excellent tenants, Strong rental history, Additional Land for Future Development Included. This is a unique opportunity with tremendous potential. Detailed Financial Information Available with signed NDA. Seller to retain Cell Tower Notice: Although the information contained herein was taken from sources deemed true and reliable, no warranty or representation, express or implied, is made as to the accuracy of the information contained herein; all information contained herein is subject to change, errors, and omission, and is subject to your independent verification.
- Directions
- From Medford, N. on Hwy 62, property will be on Left hand side. Please See the attached.
Status Change Information
- Close Date
- 2016-11-01
- Under Contract Date
- 2016-09-09
- Status Change Timestamp
- 2016-11-01
- Close Price
- 6125000
More Information
Unit 1
- Unit #
- 6439
- Tenant Name
- West Coast Appliance
Unit 2
- Unit #
- 6435
- Tenant Name
- Garrison's
Unit 3
- Unit #
- 6473
- Tenant Name
- Marble Creations
Unit 4
- Unit #
- 6475
- Tenant Name
- Spirit of Life Churc
Unit 5
- Unit #
- 6477
- Tenant Name
- Oregon Light Truck
Unit 6
- Unit #
- 6461
- Tenant Name
- Medford Moving & Sto
Unit 7
- Unit #
- 6427
- Tenant Name
- IBP
Unit 8
- Unit #
- 6433
- Tenant Name
- Aramark
Unit 9
- Unit #
- 6447
- Tenant Name
- Itrex
Income and Expenses (Annual Amounts)
- Cap Rate %
- 8.41
- Cap Rate Basis
- Current
- Net Operating Income
- 546640
Miscellaneous Information
- Total Building NRA
- 137400
Location, Tax, and Legal
- Parcel Number
- 10180861
- Lot Size Acres
- 48
- Lot Size Square Feet
- 2090880
- Additional Parcels Description
- 10180627, 10609158
Additional Features
- 3 Phase Electric
- Yes
- Expandable
- Yes
Business Type (AKA Sub Type)
- Industrial
- Yes
Construction Materials
- Block
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Foundation Details
- Slab
- Yes
Inclusions/Exclusions
- Exclusions
- Cell Tower on W. Gregory Rd. to be retained
Roof
- Metal
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Well
- Yes
Documents on File
- APOD
- Yes
- Profit and Loss Statement
- Yes
- Rental Agreement
- Yes
- Schedule of Tenants
- Yes
Special Listing Conditions
- Standard
- Yes
Listing Office:
Merit Commercial RE, LLC
Last Updated: November - 01 - 2024
Information deemed reliable but not guaranteed.