Listed by Evans, Elder Brown & Seubert
$6,600,000
3915 River Rd. | Leased Medical Clinic
Details
APN 17-04-02-13
Property Type Office
Sub Type Medical Office
Square Footage 14,686
Cap Rate 6.00%
NOI $396,000
Tenancy Single
Lease Type Modified
Lease Expiration 09/30/2031
Lease Options Two options to renew the lease for five (5) years at the end of the current lease term. Rent during the renewal terms to be Fair Market Rent.
Buildings 1
Acreage 1.530
Zoning Community Commercial
Parking Spaces 76 spaces
Parking per 1,000 SqFt 5.17
Office | 6.00% CAP | 14,686 SqFt
Marketing description
The building is leased to United Healthcare Services, Inc., the successor to Oregon Medical Group. The original lease is dated November 1, 2010. The lease was just renewed through September 30, 2031.
United Healthcare Services has two options to renew the lease for five (5) years at the end of the current lease term. Rent during the renewal terms to be Fair Market Rent.
Rent is modified gross plus utilities.
Property management to remain with W&G Management at the current rate of 4% of collected rent and additional rent unless terminated for cause or by mutual agreement.
Seller will credit the buyer $110,145 at closing as a tenant improvement allowance not yet due the tenant described in the Lease.
Investment highlights
- Approximately 14,686 square feet
- Clinic including twenty (20) exam rooms
- Seventy-six (76) parking spaces
- Zoned C-2 | Community Commercial
- Twenty (20) exam rooms
- Procedure room
- Ten (10) provider offices
- Physical therapy gym
- Lab
- Conference room
- Five (5) restrooms
- X-Ray Room
Listing Contacts
Listed by Evans, Elder Brown & Seubert
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$396,000.00
$33,000.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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