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Medical Office Building | Scheduled Incrses 700 SW Ramsey Ave 45,949 SF 100% Leased Office Building Grants Pass, OR 97527 For Sale
INVESTMENT HIGHLIGHTS
- Medical Office Building Investment Offering | 75% Leased | Strong Tenants | Scheduled Escalations and Options
- Near Neighborhood Shopping Center | Close to Redwood Highway
- Across From Asante Three Rivers Medical Center | Surrounding Medical Offices | Future Expansion Possible
- Strong Demographics In 5-mile Trade Area
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
45,949 SF
Building Class
B
Year Built
2003
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,975 SF
Building FAR
0.18
Lot Size
5.86 AC
Zoning
GC - General Commercial
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | R336695 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $14,065,268 CAD |
PROPERTY TAXES
Parcel Number
R336695
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$14,065,268 CAD
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Medical Office Building | Scheduled Incrses | 700 SW Ramsey Ave
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