Price Reduction
Address
1341 Center Drive Medford, OR
Price
$ 6,330,000
Property Attributes
  • MLS#2984413
  • TypeCommercial
  • CountyJACKSON
  • CityMedford
  • AreaSouthwest Medford
  • Zip97501
  • StyleRetail
  • Price$ 6,330,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage50525
  • Lot Size4.26 Acres
Listing Provided Courtesy Of:
Coldwell Banker Commercial NW
Property Description

Highly successful Tenant Roster with Charter Communications, Planet Fitness and Harbor Freight Located near the South Medford Interstate 5 interchange Secure cash flow due to all three tenants being national credit tenants with existing contract and renewal rents at or below market rates Strong tenant demand demonstrated by new retail development being built nearby Healthy occupancy cost ratios due to low NNN expenses ($1.77/sf/annum) increasing the financial stability of the property Opportunity to acquire a highly successful investment below the property's estimated replacement cost Excellent on-site parking with cross easements of adjacent retailers parking 6.5% Capitalization Rate return on the investment

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
12/18/2017 Listed $6,856,000
4/16/2018 8% - $6,330,000

General Features

Additional Features 3 Phase Electric, Loading Dock, ADA Comply, OH Doors, Bus Service, Utilities Sep Meter, Dedicated Circuit, Wheelchair Access, Handicapped Features, See Remarks
Number of Units 3
Property Type Commercial Sale
Type Retail
Zoning C-R

Exterior Features

Exterior Concrete Block, Metal
Roof Metal
Sewer Public (CIty)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 97501

Price
AVG $800K
$6.33M
Visits
AVG 16
12
Year Built
AVG 1954
1994
Walkscore
AVG 65
49

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