Office Medical

The Marius Building

100 N. D Street, Lakeview, OR 97630

Listing Price: $575,000

Cap Rate
8.63%
Gross SF
17,900
Rentable SF
17,900
Price/Gross SF
$32.12
Lot Size
0.62 acres

Investment Overview

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 3,000SF of currently vacant space. Detailed rent roll available with a signed Confidentiality Agreement for qualified investors.

Investment Highlights

  • Turn-key investment property with upside in vacancy
  • All rents collected through 2020 including increases
  • Ideal for out of market ownership
  • 8.63% current / 12.03% pro forma Cap Rate
  • Upgraded HVAC, electrical, lighting and carpets
  • Located in an Opportunity Zone

Exclusively Listed By

Financing By

Office Medical

The Marius Building

Listing Price: $575,000

Cap Rate
8.63%
Gross SF
17,900
Rentable SF
17,900
Price/Gross SF
$32.12
Lot Size
0.62 acres

Investment Highlights

  • Turn-key investment property with upside in vacancy
  • All rents collected through 2020 including increases
  • Ideal for out of market ownership
  • 8.63% current / 12.03% pro forma Cap Rate
  • Upgraded HVAC, electrical, lighting and carpets
  • Located in an Opportunity Zone

Investment Overview

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 3,000SF of currently vacant space. Detailed rent roll available with a signed Confidentiality Agreement for qualified investors.

Exclusively Listed By

Financing By

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