5499 Amy St West Linn, OR 97068-3320

Property Details for 5499 Amy St

Year built

1997

Lot size

0.32 lot acres

Zone code

GC

Property type

Commercial real estate

APN

22E30CA05300

APU

22E30CA05300

Description

This exceptional Class A, 5,784 square foot medical office building presents a compelling investment opportunity in West Linn, Oregon. Boasting 100% occupancy with two tenants under a modified lease structure, the property generates a strong NOI of $94,646, translating to a 6.50% cap rate at an asking price of $1,457,000. Built in 1997, this two-story building sits on a 13,828 square foot lot and benefits from a prime location just one minute from the Interstate 205 interchange, experiencing daily traffic counts exceeding 130,000 vehicles. The property is zoned for general commercial use and features 3% annual rent bumps, ensuring consistent income growth. Current in-place rents are significantly below market rates, offering substantial upside potential. The building's location, three blocks from West Linn High School, contributes to its desirability. The average household income within the immediate trade area is $195,301, with minimal medical/dental competition. This fee-simple ownership opportunity is ideal for a 1031 exchange. The property is priced at $251.90 per square foot, substantially below replacement cost in this high-barrier-to-entry submarket. This stabilized investment offers a secure and profitable return with significant long-term growth prospects.

Location Insight

City

West Linn

County

Clackamas

State

Oregon

Longitude

-122.612

Latitude

45.365

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments