Listed by Eugene Commercial Real Estate
$1,549,000
Ellsworth Building
Details
APN 00846-91989
Property Type Office
Sub Type Executive Office
Square Footage 10,840
Net Rentable (SqFt) 8,349
Occupancy 100%
Tenancy Multi
Lease Type NN+
Rent Bumps Yes
Pro-Forma Cap Rate 3.75%
Pro-Forma NOI $58,120
Price per SqFt $143
Broker Co-Op Yes
Class A
Year Built 1998
Year Renovated 2019 1st floor level
Buildings 1
Stories 3
Lot Size (SqFt) 14,891
Zoning Albany-LE
Parking Spaces 20 spaces
Parking Per SqFt 1.85
Investment Type Net Lease
"Brick and Glass with Class" fully leased in downtown Albany Oregon
Marketing description
I have not been in a more well constructed building than this one in years. Architecturally well done Brick and Glass exterior with 20 concrete paved parking spaces on site. Lots of off street parking nearby. Just recently fully leased all three spaces. Right in the heart of Downtown Albany Oregon and only a walking distance to the courthouse or city hall. Ticor Title has been the anchor tenant in the building for years.
Investment highlights
This property is currently an underperforming asset. Not for the cap sensitive but the “Pride of Ownership” Buyer !!!
Very low maintenance building fully leased !!!
Listing Contacts
Listed by Eugene Commercial Real Estate
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