3156 State Street, Medford, OR 975048450

Merit Commercial Real Estate is pleased to exclusively present 3156 State Street, a high-quality, fully-leased, income producing medical office building located in east Medford, Oregon (the "Property").

The building itself is a total of approximately ±7,497 SF with two levels and a smaller third floor attic space for storage. The first floor consists of ±3,517 SF and features a light and modern patient entry and waiting area, expansive reception area, 6 offices, 10 exam rooms, a lab room, a private restroom, a mechanical room, and various work stations throughout. The second floor is ±3,289 SF and features a similar layout to the first floor. Patients may access via the elevator or stairs to the entry, greeted by a second reception desk, waiting area, and product display area. This leads back to 8 additional exam rooms, 6 offices, two private restrooms, a well appointment break room with a stunning outdoor balcony, and room for storage. Additionally, the third floor features ±691 SF of low ceiling attic space that is currently used for storage purposes.

The Property is an exceptionally well maintained high-profile building with modern infrastructure. The building benefits from 3-phase 400A electricity, natural gas via Avista, Hunter fiber optic internet service, and public water and sewer service utilities. Both inside and out, the finishes and buildout are ideal for a higher-end medical clinic, and while currently on a long-term lease to a chiropractic user, is set up for many other similar uses. The Property is leased to a single tenant, Complete Care, a locally owned and operated healthcare provider through 2030. This single tenant net lease provides historically reliable and stable income as well as long-term upside for prospective buyers (see pg. 5). The Property is strategically located near the region's largest hospital, Rogue Regional Medical Center, within ±5 minutes to Interstate-5 access, 15 minutes to Rogue Valley Airport and is prominently positioned in Alderwood Office Park.

The opportunity at 3156 State Street is clear for prospective buyers seeking day-one yield and exposure to high-quality right-sized medical office. Contact brokers to arrange a tour today! Buyer is responsible for any and all due diligence. Square footage is not verified and is the responsibility of the buyer to independently confirm.