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3156 State St
Medford, OR 97504
Office Property For Sale
Executive Summary
Merit Commercial Real Estate is pleased to exclusively present 3156 State Street, a high-quality, fully-leased, income producing medical office building located in east Medford, Oregon (the "Property").
The building itself is a total of approximately ±7,497 SF with two levels and a smaller third floor attic space for storage. The first floor consists of ±3,517 SF and features a light and modern patient entry and waiting area, expansive reception area, 6 offices, 10 exam rooms, a lab room, a private restroom, a mechanical room, and various work stations throughout. The second floor is ±3,289 SF and features a similar layout to the first floor. Patients may access via the elevator or stairs to the entry, greeted by a second reception desk, waiting area, and product display area. This leads back to 8 additional exam rooms, 6 offices, two private restrooms, a well appointment break room with a stunning outdoor balcony, and room for storage. Additionally, the third floor features ±691 SF of low ceiling attic space that is currently used for storage purposes.
The Property is an exceptionally well maintained high-profile building with modern infrastructure. The building benefits from 3-phase 400A electricity, natural gas via Avista, Hunter fiber optic internet service, and public water and sewer service utilities. Both inside and out, the finishes and buildout are ideal for a higher-end medical clinic, and while currently on a long-term lease to a chiropractic user, is set up for many other similar uses. The Property is leased to a single tenant, Complete Care, a locally owned and operated healthcare provider through 2030. This single tenant net lease provides historically reliable and stable income as well as long-term upside for prospective buyers (see pg. 5). The Property is strategically located near the region's largest hospital, Rogue Regional Medical Center, within ±5 minutes to Interstate-5 access, 15 minutes to Rogue Valley Airport and is prominently positioned in Alderwood Office Park.
The opportunity at 3156 State Street is clear for prospective buyers seeking day-one yield and exposure to high-quality right-sized medical office. Contact brokers to arrange a tour today! Buyer is responsible for any and all due diligence. Square footage is not verified and is the responsibility of the buyer to independently confirm.
The building itself is a total of approximately ±7,497 SF with two levels and a smaller third floor attic space for storage. The first floor consists of ±3,517 SF and features a light and modern patient entry and waiting area, expansive reception area, 6 offices, 10 exam rooms, a lab room, a private restroom, a mechanical room, and various work stations throughout. The second floor is ±3,289 SF and features a similar layout to the first floor. Patients may access via the elevator or stairs to the entry, greeted by a second reception desk, waiting area, and product display area. This leads back to 8 additional exam rooms, 6 offices, two private restrooms, a well appointment break room with a stunning outdoor balcony, and room for storage. Additionally, the third floor features ±691 SF of low ceiling attic space that is currently used for storage purposes.
The Property is an exceptionally well maintained high-profile building with modern infrastructure. The building benefits from 3-phase 400A electricity, natural gas via Avista, Hunter fiber optic internet service, and public water and sewer service utilities. Both inside and out, the finishes and buildout are ideal for a higher-end medical clinic, and while currently on a long-term lease to a chiropractic user, is set up for many other similar uses. The Property is leased to a single tenant, Complete Care, a locally owned and operated healthcare provider through 2030. This single tenant net lease provides historically reliable and stable income as well as long-term upside for prospective buyers (see pg. 5). The Property is strategically located near the region's largest hospital, Rogue Regional Medical Center, within ±5 minutes to Interstate-5 access, 15 minutes to Rogue Valley Airport and is prominently positioned in Alderwood Office Park.
The opportunity at 3156 State Street is clear for prospective buyers seeking day-one yield and exposure to high-quality right-sized medical office. Contact brokers to arrange a tour today! Buyer is responsible for any and all due diligence. Square footage is not verified and is the responsibility of the buyer to independently confirm.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,497 SF
Building Class
B
Year Built
2006
Price
$2,850,053 CAD
Price Per SF
$380.16 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,499 SF
Building FAR
1.56
Lot Size
0.11 AC
Zoning
MFR-20 with PUD - MFR-20 with PUD (Planned-Unit Development) overlay
Parking
40 Spaces (5.34 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 10979148 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,956,513 CAD |
Property Taxes
Parcel Number
10979148
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,956,513 CAD
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