2420 NW Professional Dr
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2420 NW Professional Dr
12,257 SF 100% Leased Office Building Corvallis, OR 97330 £1,783,986 (£146/SF) 7% Net Initial Yield
Executive Summary
Multi-unit professional office building fully Leased, professionally managed and well maintained. Professional Plaza is an office building built in 1990 to the spec of a banking institution for their headquarters. Since the late 90's the property has been a multi-tenant office building. The ground floor is occupied by Willamette Dental and Performance Home Medical and Second Floor tenant is Home Life Inc. the building is fire sprinkled and has a fire alarm system. There are a total of 49 parking spaces shared by the three tenants. Non metered street parking is available for overflow parking if required.
Financial Summary (Pro forma - 2024) 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 (Pro forma - 2024) 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
Property Subtype
Medical
Building Size
12,257 SF
Building Class
B
Year Built
1990
Price
£1,783,986
Price Per SF
£146
Net Initial Yield
7%
NOI
£124,879
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,129 SF
Building FAR
0.25
Lot Size
1.14 AC
Zoning
PD(P-AO) - Professional Office and Administration
Parking
49 Spaces (4 Spaces per 1,000 SF Leased)
1 of 1
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 282222 | Total Assessment | £1,892,556 |
| Land Assessment | £0 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
282222
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,892,556
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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2420 NW Professional Dr
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