Listed by Capacity Commercial Group
$5,400,000
Valley View Plaza
Details
APN R137049
Property Type Retail
Sub Type Shopping Center, Grocery Store
Square Footage 67,036
Net Rentable (SqFt) 67,036
Cap Rate 8.22%
NOI $443,892
Occupancy 97.52%
Tenancy Multi
Pro-Forma Cap Rate 8.64%
Pro-Forma NOI $489,562
Price per SqFt $81
Year Built 1984
Year Renovated 2018
Acreage 6.370
Zoning General Commercial (C-3)
Parking Spaces 251 spaces
Parking Per SqFt 3.74
Investment Type Stabilized
Ground Lease No
Retail | 8.22% CAP | 67,036 SqFt
Marketing description
Valley View Plaza is the dominant grocery anchored center supporting the Myrtle Creek and Tri-City areas; Ray’s Food Place has been in continuous operation at the property for over four decades (est. 1984). Valley View Plaza is the only grocery anchored investment opportunity available above an in-place 8.00% yield in the Pacific Northwest. The property is offered for sale at $81 per square foot of building and $19 per square foot of land. Broker Note: No co-op fee. Principal to pay your commission.
Investment highlights
- Valley View Plaza is only one of two grocery options available within a 5-mile radius of the property
- The property has been maintained in excellent condition since the owner originally constructed the property
- All HVAC units servicing the property are less than five years old
- The flat roof was also replaced in 2003 with an additional membrane installed in 2019
- Many leases are signed at below market, as-is leases, creating a value add opportunity for savvy investors
Listing Contacts
Listed by Capacity Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$443,892.00
$36,991.00/mo
Valuation Metrics
0
DSCR
8.22%
Cap Rate
8.22%
ROI
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