Investment Overview
Oregon Bud Company is the current tenant occupying approx. 1/2 of the building. The other 1/2 is currently vacant and office tenant ready. The Oregon Bud Company is the Seller and is willing to stay in place with guaranteed rents for the investment buyer or vacate with adequate notice for an owner user buyer. The flexible CM1 Zone allows for multiple uses to occupy either the entire building or the remaining 50% with uses such as Medical, Daycare, Religious and Schools.
Investment Highlights
- Sale Price $2,000,000
- 50% Occupied
- In Place Revenue - $120,000/yr
- Proforma Revenue - $40,000 Upside
- Proforma NOI - $144,000
- Proforma Cap - $7.2%
- 3,778SF
- .315 Acre Lot
- Corner Lot
- Built 1958