$10,818,894
MLS #: 2989388
34,446 Sq Ft

Description of 1701 NW Hawthorne Avenue, Grants Pass, OR 97526

- Wonderful Investment opportunity for a medical building in Grants Pass. Building is located in IP zoning with medical overlay. This fully leased building was the first LEED certified building in Grants Pass. Building is leased to one tenant with a NNN lease. CAP Rate on this property will increase to 6.12% in 2021, 6.5% in 2023 and 7.1% in 2026, and assuming tenant options, a cap rate of 8% in 2030. MAI appraisal available after signing of NDA. *** Price reduction was made to reflect lease concessions to tenant.---DO NOT DISTURB THE TENANT

Property Features of 1701 NW Hawthorne Avenue, Grants Pass, OR 97526

TYPE
Commercial
Year Built
2011
Community
NW Grants Pass
Acres
2.62
Features
Lot acreage is: 2.62
Lot zoned: IP
City sewer
Units in building(s): 1
Total square feet: 34446.00
Courtesy of: Complete Real Estate Services, Inc.

Homes for Sale Nearby 1701 NW Hawthorne Avenue, Grants Pass, OR 97526

Recent Sales Nearby 1701 NW Hawthorne Avenue, Grants Pass, OR 97526



Community information and market data Powered by Onboard Informatics. Copyright ©2019 Onboard Informatics. Information is deemed reliable but not guaranteed. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.