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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29369027
29369042

601 Crater Lake Ave, Medford, OR 97504

MM
OR OR 201236868, OR OR 201236858
RE/MAX Platinum
DW
OR OR 200004070
RE/MAX Platinum Commercial
Listed by RE/MAX Platinum, RE/MAX Platinum Commercial
$4,100,000
141 days on market
Updated 11 days ago

Chase Bank Office

Details
APN 10329951
Property Type Office, Retail
Sub Type Bank
Square Footage 19,548
Units 2
Cap Rate 5.09%
NOI $208,568
Occupancy 51%
Tenancy Multi
Brand/Tenant Chase Bank
Lease Type Absolute NNN
Price per SqFt $210
Broker Co-Op Yes
Class A
Year Built 1974
Year Renovated 2020
Buildings 1
Stories 2
Acreage 2.000
Zoning C-C
Investment Type Value Add
Lease Commencement 12/01/1974
Occupancy Date 12/01/1974
Ownership Fee Simple

Office | 5.09% CAP | 19,548 SqFt

Marketing description

Institutional-quality investment anchored by JP Morgan Chase Bank, N.A. on an absolute NNN lease, delivering durable, credit-backed income with minimal management. Recently renovated and positioned on a large site, this asset offers immediate stability with built-in upside through future activation of the lower level or owner-use. A true core-plus opportunity for investors seeking strong tenancy today and value creation tomorrow. Information is deemed reliable but not guaranteed; buyers and their advisors must independently verify all facts, financials, and suitability of the property.

Investment highlights

  • Credit Rated J.P. Morgan Chase Bank, N.A.

  • Very Long Term Tenancy

  • Leased through April 2030 w/ Two Additional Renewals w/ 1 Year Notice

  • Purpose Built for Chase

  • 5.09% Cap Rate

  • Owner User or Lease Up Potential

Listing Contacts

MM
OR OR 201236868, OR OR 201236858
RE/MAX Platinum
DW
OR OR 200004070
RE/MAX Platinum Commercial
Listed by RE/MAX Platinum, RE/MAX Platinum Commercial

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$208,568.00
$17,380.67/mo

Valuation Metrics

0
DSCR
5.09%
Cap Rate
5.09%
ROI

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Additional Information

Name
Mason McKinney
License
OR 201236868
Brokerage
RE/MAX Platinum
Title
Real Estate Broker
Brokerage Address
2594 East Barnett Road
Name
David Wright
License
OR 200004070
Brokerage
RE/MAX PLATINUM
Title
Principal Broker, Owner
Brokerage Address
2594 East Barnett Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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