450 NW Greenwood Ave - Medical FOR SALE


Redmond, OR 97756
$1,925,000 USD
541-383-2444
450 NW Greenwood Ave, Redmond, OR for Sale
$1,925,000 USD
Medical - FOR SALE
1/32
null | 6.68% Cap Rate

450 NW Greenwood Ave
Redmond, OR 97756


HIGHLIGHTS

  • 6,833 SF single-tenant health care building in Redmond, OR
  • Stable investment opportunity with desirable 6.68% cap rate
  • Highly improved physical therapy clinic with indoor pool
  • Central location with excellent visibility and traffic counts of 7,482 (AADT 2022) along NW 5th Street
  • Close proximity to Redmond’s medical district
  • Leased to Proactive Physical Therapy who has three years remaining on the lease term

OVERVIEW

Presenting a prime investment opportunity at 450 NW Greenwood Ave, Redmond, OR—a single-tenant health care building leased to Proactive Physical Therapy. This 6,833 SF facility is a highly improved physical therapy clinic, featuring an indoor pool and specialized treatment areas. Offering a stable investment with a desirable 6.68% cap rate, the property is located in a central area with excellent visibility and traffic counts of 7,482 AADT (2022) along NW 5th Street. Positioned close to Redmond’s medical district, this building is strategically placed to serve the growing health care needs of the community. With three years remaining on the current lease term, this property provides a secure and attractive opportunity for investors looking to capitalize on the health care sector in a thriving market.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

6.68%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant Investment Opportunity

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C2

APN/PARCEL ID

246088

ASK ABOUT THIS PROPERTY

Jay LyonsCompass Commercial Real Estate ServicesMore Info
541-383-2444

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Jay LyonsCompass Commercial Real Estate ServicesMore Info
541-383-2444

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