5534 S 6th St - Storefront FOR SALE


Klamath Falls, OR 97603
$1,300,000 USD
541-891-0296
5534 S 6th St, Klamath Falls, OR for Sale
$1,300,000 USD
Storefront - FOR SALE
1/18
null | 7% Cap Rate

5534 S 6th St
Klamath Falls, OR 97603


HIGHLIGHTS

  • High Cap Rate Commercial Investment
  • Long Term Reputable Tenants Occupying 85%
  • Incredible High Traffic Location East Klamath Falls

OVERVIEW

This is a 10,459 sf 7 Unit strip Mall with Triple net lease. Cap Rate is 7% presently Tenants are Little Caesars, Gette A Groom, Paradise Smokes, Great Clips, GNC and Metro T Mobile with one Unit vacant. Income and Expenses (Annual Amounts): Cap Rate %: 7; CAM Cost: 43,599.19; CAM Frequency: Annually Income and Expenses (Annual Amounts): Cap Rate %: 7; CAM Cost: 43,599.19; CAM Frequency: Annually; Estimated Gross Operating Income $: 93,564; Net Operating Income: 93,564; Vacancy %: 14 Unit 1: Unit #: 5538; Tenant Name: Little Ceasars; Square Footage: 1,200; Monthly Rent: 1,598.6; Price Per SqFt: 1.33; Status: Leased Unit 2: Unit #: 5534; Tenant Name: Getta A Groom; Square Footage: 1,100; Monthly Rent: 927; Price Per SqFt: 0.84; Status: Leased Unit 3: Unit #: 5530; Tenant Name: Paradise Smokes; Square Footage: 854; Monthly Rent: 854; Price Per SqFt: 1; Status: Leased Unit 4: Unit #: 5526; Tenant Name: Great Clips; Square Footage: 1,000; Monthly Rent: 1,122; Price Per SqFt: 1.12; Status: Leased Unit 5: Unit #: 5522; Tenant Name: GNC; Square Footage: 1,200; Monthly Rent: 1,896.2; Price Per SqFt: 1.58; Status: Leased Unit 6: Unit #: 5518; Tenant Name: Metro PCS; Square Footage: 1,590; Monthly Rent: 1,399; Price Per SqFt: 0.88; Status: Leased Unit 7: Tenant Name: Vacant; Square Footage: 3,515; Status: Vacant

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Town Strip Mall- Klamath Falls, OR.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Drug Store, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

General Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Randy ShawColdwell Banker Holman Premier RealtyMore Info
541-891-0296

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Randy ShawColdwell Banker Holman Premier RealtyMore Info
541-891-0296

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