1610 9th Ct - Office FOR SALE


Hood River, OR 97031
$3,950,000 USD
503-575-8065
1610 9th Ct, Hood River, OR for Sale
$3,950,000 USD
Office - FOR SALE
1/29
null | 6.15% Cap Rate

1610 9th Ct
Hood River, OR 97031


HIGHLIGHTS

  • 2.5% Annual Escalations
  • Single-Net (tenant reimburses taxes)
  • Original Tenant Since Construction
  • Sizeable Building in Highly Desirable Market
  • Ample Parking: 60 Spaces with a ratio of 4.34/ 1,000 SF

OVERVIEW

1610 9th Court is a prime commercial real estate investment opportunity located in the Heights neighborhood, an established business and medical office district in Hood River, Oregon. This professional office building, constructed in 1981, encompasses 13,810 SF of leasable space on a 1.17-acre site. The property boasts a strong, long-term commitment from its current tenant, the State of Oregon Department of Human Services, who has occupied the building since its construction. This property offers an excellent opportunity for investors seeking a stable income stream from a government tenant in a desirable location with potential for long-term growth and appreciation.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Medical, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

C-2 General Commercial

APN/PARCEL ID

9086

ASK ABOUT THIS PROPERTY

Rae Nomura, MAI, CCIMSVN | Imbrie RealtyMore Info
503-575-8065

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Rae Nomura, MAI, CCIMSVN | Imbrie RealtyMore Info
503-575-8065

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.