Description
Highly visible Mixed-Use Flex Industrial Property is fully leased w/ long-term tenants, high-traffic off Hwy 62. 1 dividable tax lot across 2.09 acres, w/ 3 distinct structures. Approx 6,469 SF w/2 units. UNIT1:100% finished office space, leased to a real estate office, that is also owned by the seller of the property. UNIT2: is leased to an automotive shop, w/ 30% office space. 2nd structure +/- 2,318 SF shop built in 2014, that occupies the NW corner property on a ground lease. Owner of 2,318 SF building is the seller's Brother & is flexible/ qualified to share costs in dividing the property to purchase the back portion, or consider a longer-term leaseback, or vacate. NOTE: The +/- 2,318 SF shop & building income of $36K per year are included at listed price & NOI. 3rd & directly facing Crater Lake Hwy, is a +/- 132 SF Dutch Bros coffee stand on a ground lease. Annual Gross Rental property income is $162,727.50.
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0BEDS
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2.09ACRES
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0BATHS
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01/2 BATHS
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8,640SQFT
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$243$/SQFT
School Ratings & Info
Description
Highly visible Mixed-Use Flex Industrial Property is fully leased w/ long-term tenants, high-traffic off Hwy 62. 1 dividable tax lot across 2.09 acres, w/ 3 distinct structures. Approx 6,469 SF w/2 units. UNIT1:100% finished office space, leased to a real estate office, that is also owned by the seller of the property. UNIT2: is leased to an automotive shop, w/ 30% office space. 2nd structure +/- 2,318 SF shop built in 2014, that occupies the NW corner property on a ground lease. Owner of 2,318 SF building is the seller's Brother & is flexible/ qualified to share costs in dividing the property to purchase the back portion, or consider a longer-term leaseback, or vacate. NOTE: The +/- 2,318 SF shop & building income of $36K per year are included at listed price & NOI. 3rd & directly facing Crater Lake Hwy, is a +/- 132 SF Dutch Bros coffee stand on a ground lease. Annual Gross Rental property income is $162,727.50.
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