4411 Brownridge TER Active Save Request In-Person Tour Request Virtual Tour
Medford,OR 97504
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,850 sqft
Price per Sqft $270
MLS Listing ID 220204625
Year Built 2009
Annual Tax Amount $6,769
Lot Size 0.540 Acres
Acres 0.54
Lot Dimensions 0.54
Property Description
Beautiful, Long term NNN leased dental building lot located in the prestigious East Medford area. PremierCare Dental Centers has leased this property since February 6, 2015 on their original 15 year lease (expires Feb. 6, 2030). With 3% Annual Escalators, and a 5% management fee (not included in the NOI) this opportunity offers a great return. The building currently has approx. 6,877 square feet finished with an additional 2,000 sf of unfinished storage area in the basement portion of the building. Currently, PremierCare utilizes approx. 200 sf. of the basement with the remaining 1,800 sf. being vacant storage. Please note that although the property historically has been single tenant, Landlord has the right to lease the 2nd floor (+- 1,500 sf), basement (+- 2,000), to another tenant with no reduction of current Base Rent. Landlord has given permission to Tenant to occupy the loft and a portion of the basement, until such time as Landlord wishes to find another tenant.
Location
State OR
County Jackson
Direction Please see the attached map
Rooms
Basement Daylight
Interior
Heating Heat Pump,Natural Gas,Other
Cooling Heat Pump
Exterior
Parking Features Asphalt,Gravel
Roof Type Composition
Building
Foundation Other
Water Public
Level or Stories Three Or More
Structure Type Frame
New Construction No
Others
Senior Community No
Tax ID 10985897
Security Features Other
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard