Bought with Pacific Properties
$995,000
$995,000
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10,500 SqFt
SOLD DATE : 08/21/2023
Key Details
Sold Price $995,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $94
MLS Listing ID 23049923
Sold Date 08/21/23
Year Built 1976
Annual Tax Amount $17,271
Tax Year 2022
Lot Size 1.000 Acres
Property Description
7,000 sf office leased building constructed in 1976 for bank occupancy. It includes a teller window and six drive thru bays with a 3,500sf (carport)cover. The building is single story, great quality, and in very good structural condition. In 2016, the exterior was painted; a new exterior facade was installed and the State of Oregon invested $175,000 on interior work including all solid core wood doors with good hardware, matching existing hardware in the building. The interior appeal is well above average after the recent remodeling. New vinyl membrane roof in 2022. New $100k HVAC system is scheduled to be installed as soon as the parts arrive. Triple Net NNN Leased to State of Oregon Employment Division. 8.9% cap rate at list price. Watch Video!!
Location
State OR
County Coos
Area _260
Zoning C-2
Interior
Heating Heat Pump
Cooling Heat Pump
Exterior
View Y/N false
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
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Principal Broker | Lic# 201210644
ted@beachdogrealestategroup.com
1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006