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1610 9th Ct

13,810 SF Office Building Hood River, OR 97031 £3,090,678 (£224/SF) 6.15% Net Initial Yield

Investment Highlights

  • 2.5% Annual Escalations
  • Original Tenant Since Construction
  • Ample Parking: 60 Spaces with a ratio of 4.34/ 1,000 SF
  • Single-Net (tenant reimburses taxes)
  • Sizeable Building in Highly Desirable Market

Executive Summary

1610 9th Court is a prime commercial real estate investment opportunity located in the Heights neighborhood, an established business and medical office district in Hood River, Oregon. This professional office building, constructed in 1981, encompasses 13,810 SF of leasable space on a 1.17-acre site. The property boasts a strong, long-term commitment from its current tenant, the State of Oregon Department of Human Services, who has occupied the building since its construction. This property offers an excellent opportunity for investors seeking a stable income stream from a government tenant in a desirable location with potential for long-term growth and appreciation.

Attachments

Hood River Flyer

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
13,810 SF
Building Class
B
Year Built/Renovated
1981/2020
Price
£3,090,678
Price Per SF
£224
Net Initial Yield
6.15%
NOI
£190,106
Tenancy
Single
Number of Floors
1
Typical Floor Size
13,810 SF
Building FAR
0.27
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
C-2 General Commercial - This is the broadest commercial zoning in the City of Hood River allowing essentially all commercial and high density residential uses.
Parking
60 Spaces (4.34 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Courtyard
  • Central Heating
  • Partitioned Offices

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Oregon Department of Human Services
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Oregon Department of Human Services Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32883933

  • Date on Market: 19/08/2024

  • Last Updated:

  • Address: 1610 9th Ct, Hood River, OR 97031

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