3811 Crater Lake Hwy - Warehouse FOR SALE


Medford, OR 97504
$2,000,000 USD
541-944-8821
3811 Crater Lake Hwy, Medford, OR for Sale
$2,000,000 USD
Warehouse - FOR SALE
1/28
null | 7.2% Cap Rate

3811 Crater Lake Hwy
Medford, OR 97504


HIGHLIGHTS

  • .35 of mile from 1,000 Unit Residential Development Preparing to Break Ground
  • Majority of Tenancy is long term Seller/Owner who is flexable on leaseback, vacating, longer term lease and/or purchasing back half of parcel
  • Additional land available / Acreage is also dividable
  • High traffic exposure in area of vast development
  • Mixed Use Flex w/Dutch Brothers Drive Thru
  • Corner lot, multi ingress/egress, with no center median easy access & exit

OVERVIEW

This highly visible Mixed-Use Flex Industrial Property is fully leased with long-term tenants, and fronts a high-traffic area of Highway 62 in a location of expansion growth, and development. The property comprises one dividable tax lot across 2.09 acres, with 3 distinct structures. The main structure is comprised of approximately 6,469 SF with 2 distinct units. UNIT ONE; is 100% finished office space, leased to a real estate office, that is also owned by the seller of the property. So seller/Lessee of Real Estate Office space is flexible on continued leaseback or terms to move out, depending on buyer preference. UNIT TWO is leased to an automotive shop, with about 30% office space. The second structure is a ± 2,318 SF shop built in 2014, that occupies the northwest corner of the property on a ground lease. The owner of the 2,318 SF building is the seller's Brother, is flexible and qualified to consider cooperation in dividing the property to purchase the back portion, or consider a longer-term leaseback, or to vacate upon lease term, depending on a buyer intended reason of purchase. NOTE: The ± 2,318 SF shop and building income of $36K per year are included at listed price and NOI. Third, and directly fronting Crater Lake Hwy, is a ± 132 SF Dutch Bros drive-through coffee stand on a ground lease. Annual Gross Rental property income is $162,727.50. Southern adjoining .81 acre lot also available for sale by another Broker if more land is needed.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Auto Repair, Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.09

LAND SF

91,040

ZONING

I-G

APN/PARCEL ID

10507373

ASK ABOUT THIS PROPERTY

Garrett ZollerLLNW / Z5Ranch GroupMore Info
541-944-8821

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Garrett ZollerLLNW / Z5Ranch GroupMore Info
541-944-8821

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