Freshly updated, long term investment property now available. Well positioned across from PeaceHealth/St John Medical Center with high traffic counts and excellent signage. This property is currently offered at a 6.4% CAP rate and 8.9% proforma CAP rate after the next rent increase. The initial lease term expires August 2022 with options to extend. The rent structure has built in increases and is triple net. This would make an excellent addition to your portfolio.
|--||New Value: $750,000|
|12/5/2018 10:21:00 AM|
This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.