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Prime Central Oregon Net Leased Investment 116 SE D St 3,992 SF Office Building Madras, OR 97741 $1,025,880 CAD ($256.98 CAD/SF) 6% Cap Rate
Investment Highlights
- Fully renovated professional office property
- Well located property with off-street parking
- Vital property for tenant’s regional operation
- Long term regional tenant with strong rental history
- Beautifully updated in 2022 and nicely maintained
- NNN lease thru Oct., 2034, with annual 3% escalators
Executive Summary
Single tenant net leased office investment property with long term regional tenant for sale.
Exceptional net leased investment property in Central Oregon! 116 SE D Street was built in 1979 and served as a multi-tenant investment for decades. It was purchased in 2021 by a statewide mental health practitioner at which time it underwent significant improvements to have it be a location exclusively for this operator. This business recently elected to close this location and then leased the property to BestCare Treatment Centers.
BestCare is a non-profit organization that was created in 1979 as the result of collaboration between local hospitals, city and county governments, and regional mental health practitioners. Today, BestCare operates in multiple cities with numerous locations throughout central and southern Oregon, helping patients with substance abuse and other challenges who use Oregon state health plans, private insurance, and direct pay for services.
Exceptional net leased investment property in Central Oregon! 116 SE D Street was built in 1979 and served as a multi-tenant investment for decades. It was purchased in 2021 by a statewide mental health practitioner at which time it underwent significant improvements to have it be a location exclusively for this operator. This business recently elected to close this location and then leased the property to BestCare Treatment Centers.
BestCare is a non-profit organization that was created in 1979 as the result of collaboration between local hospitals, city and county governments, and regional mental health practitioners. Today, BestCare operates in multiple cities with numerous locations throughout central and southern Oregon, helping patients with substance abuse and other challenges who use Oregon state health plans, private insurance, and direct pay for services.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,992 SF
Building Class
B
Year Built
1979
Price
$1,025,880 CAD
Price Per SF
$256.98 CAD
Cap Rate
6%
NOI
$61,553 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,992 SF
Building FAR
0.40
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
C-2 - Downtown Commercial. Zoned for office, retail, etc.
Parking
8 Spaces (2 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 111312-BB-04400 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $534,319 CAD |
Property Taxes
Parcel Number
111312-BB-04400
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$534,319 CAD
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Prime Central Oregon Net Leased Investment | 116 SE D St
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