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Chase Bank 601 Crater Lake Ave 10,160 SF of Office/Retail Space Available in Medford, OR 97504
HIGHLIGHTS
- Downtown Medford
- Mixed Residential Surrounding
- High Traffic
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste Lower Level | 10,160 SF | 12’ - 14’ | Negotiable | $19.91 CAD/SF/YR $1.66 CAD/SF/MO $202,265 CAD/YR $16,855 CAD/MO | Triple Net (NNN) |
1st Floor, Ste Lower Level
Large professional office space beneath Chase Bank in one of Southern Oregon's most unique properties. Space includes 5 private offices, 3 large rooms for shared working space, a center conference room, 1 mens bathroom, 1 women's bathroom with a changing room, a file vault, data room, storage, and a kitchenette. The lower level is services by an interior staircase and an exterior door that is potentially ADA accessible. This unique space offers over 10,000 sqft of professional office space that combines an open floor plan, private offices and restrooms with changing rooms, lots of storage, and a dedicated data room. Located on the lower level of a one-of-a-kind building, this space features windows on almost all sides, two private entrances, lots of parking, and lots of opportunity. High-traffic area, long-term professional neighbor. Possible TI allowable for demising space based on lease terms. Possible grant money for ADA conversion. NNN terms. Lessee to conduct due diligence. Space can be demised to smaller suites for mixed uses. Lessor may contribute to demise or improvements depending upon lease terms offered.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 85 People
- 5 Private Offices
- 1 Conference Room
- 80 Workstations
- Finished Ceilings: 12’ - 14’
- Space is in Excellent Condition
- Anchor Space
- Central Air and Heating
- Reception Area
- Kitchen
- Private Restrooms
- Wi-Fi Connectivity
- Print/Copy Room
- Fully Carpeted
- Security System
- Closed Circuit Television Monitoring (CCTV)
- High Ceilings
- Drop Ceilings
- Secure Storage
- Recessed Lighting
- Emergency Lighting
- Plug & Play
- Natural Light
- After Hours HVAC Available
- Bicycle Storage
- Accent Lighting
- Energy Performance Rating - A
- Atrium
- DDA Compliant
- Open-Plan
- Medford Center
- High Traffic
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 10,160 SF | Gross Leasable Area | 39,096 SF |
| Property Type | Retail | Year Built | 1994 |
| Property Subtype | Bank | Parking Ratio | 1.05/1,000 SF |
| Total Space Available | 10,160 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 39,096 SF |
| Year Built | 1994 |
| Parking Ratio | 1.05/1,000 SF |
ABOUT THE PROPERTY
Located in the heart of Medford, OR along one of the main service tributaries of Crater Lake Avenue, this property is across from the recently modernized Medford Center regional shopping center, which features tenants such as Cinemark Theaters, Safeway, Ross Dress 4 Less, John L. Scott Medford, Tap & Vine at 559, Jimmy Johns, Oregon Department of Motor Vehicles, and more. The general area surrounding the property is comprised of affordable and workforce multifamily housing to the west, and middle class single family housing to the east, along with a variety of A - C class commercial strip malls and multi-use buildings. The property itself features beautiful landscaping features surrounded by a unique octogonal two-level building with generous parking. The building's top floor has been leased by J.P. Morgan Chase Bank for several decades and is commonly known as their flagship retail space in Southern Oregon. The bottom floor is vacant, and offers retail or professional office space to a multitude of perspective tenants.
- Corner Lot
- Signage
- Signalized Intersection
- Monument Signage
NEARBY MAJOR RETAILERS
Presented by
Chase Bank | 601 Crater Lake Ave
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