Single-Tenant Investment Opportunity | 450 NW Greenwood Ave
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Single-Tenant Investment Opportunity 450 NW Greenwood Ave
6,833 SF Office Building Redmond, OR 97756 £1,507,852 (£221/SF) 6.47% Net Initial Yield
Investment Highlights
- Single-tenant health care building in Redmond, OR
- Highly improved physical therapy clinic with indoor pool
- Close proximity to Redmond’s medical district
- Stable investment opportunity with desirable 6.47% cap rate
- Central location with excellent visibility and traffic counts of 7,482 (AADT 2022) along NW 5th Street
- Leased to Proactive Physical Therapy who has three years remaining on the lease term
Executive Summary
Presenting a prime investment opportunity at 450 NW Greenwood Ave, Redmond, OR—a single-tenant health care building leased to Proactive Physical Therapy. This 6,833 SF facility is a highly improved physical therapy clinic, featuring an indoor pool and specialized treatment areas. Offering a stable investment with a desirable 6.47% cap rate, the property is located in a central area with excellent visibility and traffic counts of 7,482 AADT (2022) along NW 5th Street. Positioned close to Redmond’s medical district, this building is strategically placed to serve the growing health care needs of the community. With three years remaining on the current lease term, this property provides a secure and attractive opportunity for investors looking to capitalize on the health care sector in a thriving market.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,833 SF
Building Class
B
Year Built
2006
Price
£1,507,852
Price Per SF
£221
Net Initial Yield
6.47%
NOI
£97,565
Tenancy
Single
Number of Floors
2
Typical Floor Size
5,793 SF
Building FAR
0.31
Lot Size
0.50 AC
Zoning
C2 - Central Business District
Parking
26 Spaces (3.81 Spaces per 1,000 SF Leased)
Amenities
- Fitness Centre
- Signage
- Central Heating
- High Ceilings
- Natural Light
- Open-Plan
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Proactive Physical Therapy
- Health Care and Social Assistance
-
99,999 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Proactive Physical Therapy | Health Care and Social Assistance | 99,999 SF | - | - |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 246088 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £627,643 |
PROPERTY TAXES
Parcel Number
246088
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£627,643
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Single-Tenant Investment Opportunity | 450 NW Greenwood Ave
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