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585 Clover Lane , Ste 1-4

Ashland, OR 97520
  • $2,200,000
  • STATUS: Active
  • ON SITE: 2 Days
  • MLS #: 220151475
New On Site 2 Days Ago
UPDATED: 85 min ago
$2,200,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,585
    SQFT
  • $190
    $/SQFT
Type:
Commercial
Built:
2007
County:
Area:

School Ratings & Info


Central Oregon Association of Realtors logoListing courtesy of Cascadia Prime Llc.

Description

Investors!Here is your opportunity to own a well-maintained, flexible-use, light industrial property, producing an income with a single tenant NNN lease. This flex-use building has 30/70 ratio office to light manufacturing/warehouse-use constructed of structural steel, skinned in architectural metal and large storefront glass to give this newer building a timeless style. This building could provide a headquarters for the most innovative businesses for years to come. Built in 2007, this structure is just beginning its life on one of the country's busiest interstates, I-5 with 20,000 avg. daily traffic, in the highly sought-after town of Ashland, Oregon, 14 miles north of the California border. Property performance is attractive at a 5.4% CAP Rate, single tenant, NNN lease and possibility of extending lease terms. Not an Investor? End-user looking for a new location in Ashland, OR? This property could be provided to Buyer the chance to occupy the building within a few months of Closing

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Central Oregon Association of Realtors logo © 2022 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Arends Realty Group | Cascade Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Arends Realty Group | Cascade Sotheby's International Realty. Data last updated: .2022-08-07T23:48:47.163
www.arendsrealtygroup.com/homes/131876959
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585 Clover Lane , Ste 1-4 Ashland, OR 97520

  • Price: $2,200,000
  • Status: Active
  • On Site: 2 Days
  • Updated: 85 min ago
  • MLS #: 220151475
0
Beds
0
Baths
0
½ Baths
0.61
Acres
11,585
SQFT
$190
$/SQFT
2007
Built
County:
Jackson
Area:
Ashland
Property Description
Investors!Here is your opportunity to own a well-maintained, flexible-use, light industrial property, producing an income with a single tenant NNN lease. This flex-use building has 30/70 ratio office to light manufacturing/warehouse-use constructed of structural steel, skinned in architectural metal and large storefront glass to give this newer building a timeless style. This building could provide a headquarters for the most innovative businesses for years to come. Built in 2007, this structure is just beginning its life on one of the country's busiest interstates, I-5 with 20,000 avg. daily traffic, in the highly sought-after town of Ashland, Oregon, 14 miles north of the California border. Property performance is attractive at a 5.4% CAP Rate, single tenant, NNN lease and possibility of extending lease terms. Not an Investor? End-user looking for a new location in Ashland, OR? This property could be provided to Buyer the chance to occupy the building within a few months of Closing
Exterior Features

Construction Materials Steel Framing Exterior Features Patio Foundation Details Concrete Perimeter Levels Two Lot Features LevelSprinklers In Front Parking Details Numberof Parking Spaces 18 Parking Details Parking Yes Parking Features Asphalt Roof Metal

Interior Features

Additional Features 3 Phase ElectricAda ComplyFree Span RoofMezzanineOffice SpaceSeparate Electric MetersSeparate Gas Meters Cooling Central Air Flooring CarpetConcrete Heating Forced AirNatural GasRadiantZoned Miscellaneous Information Number Overhead Doc 4 Security Features Smoke Detector(S)

Property Features

Additional Parcels YN No CCAnd Rs YN No Cross Street N/A Exclusions Tenants Personal Property Existing Lease Type Nnn FIRPTAYN No Government Overlay Enterprise Zone Incomeand Expenses Annual Amounts Cap Rate Basi Current Incomeand Expenses Annual Amounts Cap Rate Perc 5.40 Incomeand Expenses Annual Amounts Net Operatin 117944.00 Incomeand Expenses Annual Amounts Vacancy Perc 0.00 Leased Components Tenant Has Leased The Property For 14 Years And Would Like To Pursue A Long-Term Lease. Listing Terms CashConventional Miscellaneous Information Overhead/Dock Doors New Construction YN No Owner Pays Exterior Maintenance Power Production Public Utilities Sewer Public Sewer Special Assessments None Special Listing Conditions Standard Tax Annual Amount 8514.99 Tax Year 2021 Tenant Pays Common Area MaintenanceElectricityGasInsuranceInterior MaintenanceJanitorial ServiceRepairsSewerTaxesWater View Cascade Mountains Zoning E-1

Listing information © 2022 MLS of Central Oregon
Listing provided courtesy of Cascadia Prime Llc.

Central Oregon Association of Realtors logo © 2022 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Arends Realty Group | Cascade Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Arends Realty Group | Cascade Sotheby's International Realty. Data last updated: .2022-08-07T23:48:47.163
 
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Arends Realty Group | Cascade Sotheby's International Realty
290 E Cascade Ave. PO Box 609
Sisters OR, 97759

Central Oregon Association of Realtors logoListing courtesy of Cascadia Prime Llc.