100 N. D Street, Lakeview, OR 97630
The Marius Building at 100 North D Street in Lakeview Oregon is a multi-tenant office building located in an Opportunity Zone in the county seat of Lake County Oregon, about 90 minutes east of Klamath Falls. All tenants have been paying full rent post-COVID, most have occupied their spaces long term and are considered essential. The building has a long term onsite manager willing to stay on for a new investor and can easily be owned by an out of market investor. The current owner has made significant recent upgrades to the HVAC, lighting, electrical and carpets. A former theater, the building is well located in rural Oregon and poised for long term success for a new investor.
Our pricing analysis is based on current rents from 20 tenants mostly on month to month leases with Lake County Medical, which occupies over 30% of the building due to renew 10/1/2021. The Pro Forma in the Pricing Analysis is based on the pending lease up of over 3,000 square feet of currently vacant space further upside can be achieved by increasing rents as many month to month tenants are overdue for increases. Detailed rent roll available with a signed Confidentiality Agreement for qualified investors.
The Marius Building at 100 North D Street in Lakeview Oregon is a multi-tenant office building located in an Opportunity Zone in the county seat of Lake County Oregon, about 90 minutes east of Klamath Falls. All tenants have been paying full rent post-COVID, most have occupied their spaces long term and are considered essential. The building has a long term onsite manager willing to stay on for a new investor and can easily be owned by an out of market investor. The current owner has made significant recent upgrades to the HVAC, lighting, electrical and carpets. A former theater, the building is well located in rural Oregon and poised for long term success for a new investor.
Our pricing analysis is based on current rents from 20 tenants mostly on month to month leases with Lake County Medical, which occupies over 30% of the building due to renew 10/1/2021. The Pro Forma in the Pricing Analysis is based on the pending lease up of over 3,000 square feet of currently vacant space further upside can be achieved by increasing rents as many month to month tenants are overdue for increases. Detailed rent roll available with a signed Confidentiality Agreement for qualified investors.
