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 503-313-8262

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

May 9, 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

$10,689


Tax Frequency

Annually


Days on Market

63


Garage

No


Parking

On Site


Parking Total

6


View

Yes


View Description

City


County

Yamhill


Water Source

Public Water


Pool

No


Zoning

C3


Buyer Agency Compensation

2.5%

Courtesy of Keller Williams Realty Portland Premiere, Bradley King
Listing Contact: 503-313-8262 

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