1701 Hawthorne Avenue Nw, Grants Pass, OR 97526


Listing courtesy of Complete Real Estate Services, Inc..

List Price

Property Description

- Wonderful Investment opportunity for a medical building in Grants Pass. Building is located in IP zoning with medical overlay. This fully leased building was the first LEED certified building in Grants Pass. Building is leased to one tenant with a NNN lease. CAP Rate on this property will increase to 6.12% in 2021, 6.5% in 2023 and 7.1% in 2026, and assuming tenant options, a cap rate of 8% in 2030. MAI appraisal available after signing of NDA. *** Price reduction was made to reflect lease concessions to tenant.---DO NOT DISTURB THE TENANT

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