About 2699 N 17th St
HUGE PRICE REDUCTION!!! $1,800,000 price adjustment on this multi-tenant net leased investment!!! Medical Campus is occupied by an established orthopedic surgery and physical therapy center and ENT, with a new 5 year lease base term generating high returns and passive income. The subject property comprises 4 buildings totaling 29,011 SQFT and is positioned on a 2.01 acre lot adjacent to similar facilities in the medical district. Sale also includes 30X40 shop for maintenance and storage. NNN long term leases generating $606,651 Annual net income 7.1% Cap Rate at full price. Owners are selling real estate and retaining the businesses. Seeking quality landlord to collect $50,000 per month for the next 5 years with zero day to day responsibilities. Tenants pay all utilities, interior maintenance, property taxes, and insurance.
Features of 2699 N 17th St
| MLS® # | 22528870 |
|---|---|
| Price | $8,500,000 |
| Square Footage | 29,011 |
| Acres | 3.38 |
| Year Built | 1979 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 2699 N 17th St |
|---|---|
| Area | 260 - Coos County |
| City | Coos Bay |
| County | Coos |
| State | OR |
| Zip Code | 97420 |
Interior
| Heating | Heat Pump |
|---|---|
| Cooling | Heat Pump |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Roof | Composition, Rubber |
|---|---|
| Construction | Cement Siding, Wood Frame |
Additional Information
| Date Listed | December 19th, 2022 |
|---|---|
| Days on Market | 505 |
| Zoning | MP |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Pacific Properties |
|---|---|
| Contact Info | 541-290-9597 |