411 Pacific
FS Fully Leased Investment Opportunity | 2,641 SF | $879,000
Marketing description
This approx. 2,641 SF former bank building has been converted for single-tenant office use and is prominently located on Hwy 101, ensuring excellent exposure. The property is fully leased to the State of Oregon, offering stable long-term income. This is a turnkey investment opportunity with a reliable government tenant in place. Professional management company in place and interested in continuing their services.
Investment highlights
Prominent location on Hwy 101 with high visibility
Approximately 2,641 SF office building
Approximately 0.43 acres land
Well-maintained former bank building
Built in late 1980s, renovated in 2023
On-site parking for tenant and visitors
Fully leased to State of Oregon Employment Department
Expires November 30, 2033
Two extension options of 3 years each
3% annual escalations
Modified Gross Lease
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