1879 Williams Hwy
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1879 Williams Hwy
10,000 SF Office Building Grants Pass, OR 97527 £2,263,737 (£226/SF) 8.30% Net Initial Yield
Investment Highlights
- Very close to regional hospital
- no deferred maintenance
- Excellent interior build-out
Executive Summary
10,000 square foot Flagship medical building in Grants Pass. Also for Lease. Great high traffic location in the heart of Grants Pass medical hub, close to the hospital. Superior interior build-out with lots of exam rooms, procedure rooms, and a nice design for patient flow. Lots of Parking. Easy access for patients. In a very professional business park setting. Building has 2 designated ambulance entrances and reciprocal parking for employees behind the building if needed.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£187,992
|
£18.80
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £187,992 |
| Annual Per SF | £18.80 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
B
Year Built/Renovated
2008/2017
Price
£2,263,737
Price Per SF
£226
Net Initial Yield
8.30%
NOI
£187,992
Tenancy
Single
Number of Floors
1
Typical Floor Size
10,000 SF
Building FAR
0.21
Lot Size
1.08 AC
Zoning
Commercial
Parking
80 Spaces (8 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Accent Lighting
- Atrium
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R342288 | Improvements Assessment | £0 (2023) |
| Land Assessment | £0 (2023) | Total Assessment | £612,384 (2023) |
PROPERTY TAXES
Parcel Number
R342288
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£612,384 (2023)
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1879 Williams Hwy
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