2795 Anderson Ave
Klamath Falls, OR 97603

Southtowne Commerce Center, located in Klamath Falls, is one of the largest business parks in Southern Oregon and is 99% leased to 36 tenants, including the Bureau of Land Management, US Geological Survey, and Federal Aviation Administration, with 114,427± square feet of warehouse, office and flex space, along with 4.1± acres of additional land fully-serviced, and zoned for development. The business park is located on a 13.78± acre site along Washburn Way, between downtown Klamath Falls, Crater Lake Klamath Regional Airport and Kingsley Field Air National Guard Base. The property provides a strategic location for its tenants due to proximity to both Highway 140, with access west to Medford and I-5, and Highway 97, with access north to Bend and south to Northern California and I-5. Southtowne Commerce Center is the largest business park in Klamath Falls. There are thirty-six tenants -- thirty-three are private businesses, and three are federal agencies. Seventy percent of the space, or 80,000± square feet, has been leased to the same eighteen tenants for over 10 years. Several tenants, including the BLM, have been at Southtowne for over thirty years. Southtowne Commerce Center was developed from 1977 to 1994 by the Seller, and is designed to meet demand for a wide range of tenants. It has a combination of office, flex, light manufacturing, and warehouse uses, in sizes from 1,200± to 13,254± square feet, with 15 foot to 20 foot ceiling heights, and overhead doors from 10 feet by 10 feet, to 12 feet by 14 feet. The business park contains a total of five buildings from 6,256± to 73,940± square feet in size, of concrete block masonry and steel construction, with metal roofs designed for low-cost maintenance. The buildings are planned around 7± acres used for a combination of parking, several fenced yards, and ample room to accommodate tractor trailers which serve many of the tenants. There is a total of 53 rental units, with 80% targeted to users who require less than 2,400 square feet, and options to expand into adjoining units to accommodate growth. Two office and warehouse buildings of 12,415± square feet and 13,254± square feet were constructed in 1980 and 1981, and have been leased long-term to BLM, USGS, and Lincare. The largest building complex of 73,940± square feet includes the BLM Klamath Falls Field Office. Four units also within this largest building total 5,000 square feet and are leased to the FAA and USGS, as part of their overall lease. The tenant mix of three federal agencies and 33 private companies having long-term tenure of over 70% of the leased space provides the owners with a stable income, and relatively low risk. 2017 net operating income was $522,000, and 2018 is projected to exceed that.