About 435 Ne Evans St
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%
Features of 435 Ne Evans St
| MLS® # | 23225891 |
|---|---|
| Price | $5,000,000 |
| Square Footage | 17,000 |
| Acres | 0.28 |
| Year Built | 1945 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 435 Ne Evans St |
|---|---|
| Area | 156 - Yamhill County including Willamina |
| City | McMinnville |
| County | Yamhill |
| State | OR |
| Zip Code | 97128 |
Interior
| Heating | Mini Split |
|---|---|
| Cooling | Other |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Roof | Flat |
|---|---|
| Construction | Block, Brick, Concrete |
Additional Information
| Date Listed | November 27th, 2023 |
|---|---|
| Days on Market | 173 |
| Zoning | C3 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Portland Premiere |
|---|