480-221-4221
700 SW Ramsey Ave, Grants Pass, OR for Sale
Medical - FOR SALE
1/10
null | Request Cap Rate

700 SW Ramsey Ave
Grants Pass, OR 97527


HIGHLIGHTS

  • Medical Office Building Investment Offering | 75% Leased | Strong Tenants | Scheduled Escalations and Options
  • Across From Asante Three Rivers Medical Center | Surrounding Medical Offices | Future Expansion Possible
  • Near Neighborhood Shopping Center | Close to Redwood Highway
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Doctor’s Court, a 75% occupied, NNN leased, two-building, medical office project, located in Grants Pass, Oregon. The property has five tenants with the majority having leases that feature scheduled rental increases and renewal options. The tenant Asante Inc., (affiliated with the adjacent Asante Medical Center) occupies 26% of the property and accounts for 22% of the base rent. Lastly, the tenant Siskiyou Pediatric, which signed a 10 year lease in 2022, occupies 22% of the GLA and accounts for 19% of the base rent. The subject property is on an a large 5.86 acre parcel with excess land and the possibility for future 3rd phase medical office building expansion.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Office Building | Scheduled Incrses

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.86 AC

LAND SF

255,262 SF

ZONING

GC

APN/PARCEL ID

R336695

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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