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1879 Williams Hwy 10,000 SF Office Building Grants Pass, OR 97527 $4,746,128 CAD ($474.61 CAD/SF) 6.53% Cap Rate
EXECUTIVE SUMMARY
Merit Commercial Real Estate is pleased to exclusively present 1879 Williams Highway, a newer vintage, single tenant net leased medical investment property located in beautiful Grants Pass, Oregon (the "Property").
The Property consists of a 2007 vintage, approximately 10,000 SF purpose-built medical clinic building, enjoying easy access and strong exposure from the arterial Williams Hwy.
Visibility and access are highlights, with ±17,089 VPD on Williams Hwy, and two right/left dedicated driveways on the west and east entrances to the parking lot.
The sole tenant is Asante, the region's dominant health provider - a long-established health system producing over $1.4B/yr in revenue.
The interior layout is highly flexible, and was previously used as a hematology oncology clinic before recently pivoting slightly to a primary care clinic. This partial change of use highlights the buildings long-term flexibility.
Patients are first led through a tasteful PNW-style entrance to an expansive public reception and waiting area.
Inside, the interior flow is intuitive, with several immediately accessible triage rooms leading to numerous conventional exam rooms, offices, open working areas, labs, and other specialized rooms.
Staff enjoy the building's easy navigation and abundant storage space, as well as the well-appointed breakroom, conference room, and exterior rear patio. Additionally, staff can enjoy the immediately adjacent drive-thru or walk-up cafe offering coffe and food daily.
The Property's location in SW Grants Pass provides easy access on the main transportation corridor north to downtown and Interstate 5 access.
This particular location is part of a multi-unit medical-focused planned development, and shares access and parking with several other extremely high-quality medical and professional service buildings.
The opportunity is clear at 1879 Williams Hwy for investors seeking a high-quality income producing asset with an exceptionally strong tenant in a beautiful setting. Contact the brokers more info!
The Property consists of a 2007 vintage, approximately 10,000 SF purpose-built medical clinic building, enjoying easy access and strong exposure from the arterial Williams Hwy.
Visibility and access are highlights, with ±17,089 VPD on Williams Hwy, and two right/left dedicated driveways on the west and east entrances to the parking lot.
The sole tenant is Asante, the region's dominant health provider - a long-established health system producing over $1.4B/yr in revenue.
The interior layout is highly flexible, and was previously used as a hematology oncology clinic before recently pivoting slightly to a primary care clinic. This partial change of use highlights the buildings long-term flexibility.
Patients are first led through a tasteful PNW-style entrance to an expansive public reception and waiting area.
Inside, the interior flow is intuitive, with several immediately accessible triage rooms leading to numerous conventional exam rooms, offices, open working areas, labs, and other specialized rooms.
Staff enjoy the building's easy navigation and abundant storage space, as well as the well-appointed breakroom, conference room, and exterior rear patio. Additionally, staff can enjoy the immediately adjacent drive-thru or walk-up cafe offering coffe and food daily.
The Property's location in SW Grants Pass provides easy access on the main transportation corridor north to downtown and Interstate 5 access.
This particular location is part of a multi-unit medical-focused planned development, and shares access and parking with several other extremely high-quality medical and professional service buildings.
The opportunity is clear at 1879 Williams Hwy for investors seeking a high-quality income producing asset with an exceptionally strong tenant in a beautiful setting. Contact the brokers more info!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
B
Year Built
2008
Price
$4,746,128 CAD
Price Per SF
$474.61 CAD
Cap Rate
6.53%
NOI
$309,922 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,000 SF
Building FAR
0.21
Lot Size
1.08 AC
Zoning
GC - General Commercial
Parking
46 Spaces (4.6 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Accent Lighting
- Atrium
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | R342288 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,158,605 CAD |
PROPERTY TAXES
Parcel Number
R342288
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,158,605 CAD
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1879 Williams Hwy
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