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435 Ne Evans StreetMcminnville, OR 97128Price: $5,000,000

  • Price: $5,000,000
  • 88 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $5,000,000List Price
  • 0.28Acreage
  • 17,000Square Feet
Listed by Bradley King of Keller Williams Realty Portland Premiere
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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%

Property Details of 435 Ne Evans Street

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Community, Market, Schools, Walkability statistics and info below provided by third party Faraday:

McMinnville, OR Demographics

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McMinnville, OR Real Estate Market Data

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McMinnville, OR Schools

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Based on information submitted to OR_RMLS_WEB_API as of February 23, 2024 11:18 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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