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29236669
29236699

1918 Bobcat Way, Medford, OR 97503

SK
Oregon 200602153
Merit Commercial Real Estate
CH
OR 201234073
Merit Commercial Real Estate
Listed by Merit Commercial Real Estate
$1,570,000
140 days on market
Updated 33 days ago

1918 Bobcat Way

Details
APN 10703910
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 10,000
Net Rentable (SqFt) 10,000
Units 2
Cap Rate 7.96%
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $157
Broker Co-Op Yes
Year Built 2022
Buildings 1
Stories 1
Acreage 1.000
Zoning I-G
Investment Type Stabilized
Tenant Credit Credit Rated, No Credit Rating
Occupancy Date 01/01/2024
Ground Lease No
Ceiling Height 18.6'

Fully-Leased 2022-Built Industrial Asset | White City, Oregon

Marketing description

Merit Commercial Real Estate is pleased to exclusively present 1918 Bobcat Way, a fully-leased income producing industrial asset located in White City, Oregon (the “Property”).

The Property is situated on a 1.00 acre parcel with an efficient layout suitable for industrial uses. The building totals 10,000 SF and includes an interior demising wall dividing the structure into two standalone 5,000 SF units. Unit 'A' - leased by Fastenal, a $40B+ publicly traded company - consists of a total of 5,000 SF including approx. 4,400 SF of warehouse space, and a 600 SF enclosed office space with kitchenette and private restroom. Unit 'B' - leased by CableCom, an established telecom infra contractor - includes the remaining 5,000 SF of building area and an additional fully fenced yard located on the southern end of the Property.

The building features a highly functional interior layout and is equipped with nearly brand new infrastructure, including 3-phase 400-amp power, (3) 14' × 12' overhead doors, two electric Daikin mini-split systems (one per unit, for offices), large gas heater in Unit A's warehouse, automated landscaping irrigation system, and a fully fenced rear yard. The interior spaces both feature clear-span, 18.5' clear height warehouse spaces and a strong ratio of warehouse to office (12% and 22.5%, respectively).

The office space within both units enjoy a private restroom, efficient private and open working areas, kitchenette or similar, and easy access to the front entry door. Built in 2022, the building is part of a well-known industrial area and is a well-maintained asset. The Property offers excellent access to major roadways throughout the Rogue Valley, including a ±9-minute/7.5-mile drive to Interstate-5 and a short ±3-minute drive to Highway 62.

The opportunity at 1918 Bobcat Way is clear for prospective buyers looking for exposure to an fully leased, modern, right-sized industrial asset in a growing area. Buyer is responsible for all due diligence. Contact the listing brokers today for additional information.

Listing Contacts

SK
Oregon 200602153
Merit Commercial Real Estate
CH
OR 201234073
Merit Commercial Real Estate
Listed by Merit Commercial Real Estate

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