Homes for sale - 4411 Brownridge TER, Medford, OR 97504

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Jeffery West

jeffwest.southernoregon@gmail.com +1(541) 944-7599

$ 2,390,000

Est. payment | -/mo

8,850 SqFt

Save

$ 2,390,000

Est. payment | -/mo

Save

8,850 SqFt

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

Listed by Merit Commercial RE, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(541) 944-7599

jeffwest.southernoregon@gmail.com

568 NE E St, Grants Pass, OR, 97526, USA

4411 Brownridge TER Medford, OR 97504