Active
435 NE EVANS ST, McMinnville
Mc Minnville OR, 97128
$5,000,000
$294.12 per sqft
Active
17,000 sqft
Commercial
Built in 1945
Courtesy of Keller Williams Realty Portland Premiere
Low vacancy, full triple net multi-suite office building. Fully rebuilt (before they opened 1-1-2017) from the studs with all new systems. This building has low maintenance costs which are fully absorbed by the tenants.The property is leased under market value with primary tenancies producing tax exempt rent. Average remaining lease length is 3.5 years with several having 60 month options. The property is estimated to produce $18,659 of net income per month, across 12 suites. Leases range from $1.07/SF to $1.60/SF. The building is currently priced at a true cap rate of 4.48%
23225891
MLSⓇ ID
November 27, 2023
Listed
November 25, 2024
Updated
Map
435 NE EVANS ST, McMinnville
Mc Minnville OR, 97128
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Cooling Description
Other
Heating
Yes
Heating Description
Mini Split
Exterior/Building Features
Lot Size
0.28 Acres
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
_156
Taxes
$11,321
Tax Frequency
Annually
Days on Market
364
Garage
No
Parking
On Site
Parking Total
6
View
Yes
View Description
City
County
Yamhill
Water Source
Public Water
Pool
No
Zoning
C3
Listing Courtesy of Keller Williams Realty Portland Premiere, Bradley King. 503-313-8262
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This content last updated on 11/25/2024, 7:50 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available
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