2165 Professional Dr Corvallis, OR 97330

This exceptional Class A, 7,070 square foot executive office building, located at 2165 NW Professional Dr, Corvallis, OR 97330, presents a compelling investment opportunity. The property, constructed in 2005 and situated within the Walnut Professional Center, boasts a desirable PA-O (Professional Administrative Office) zoning. The building features two units, with the ground floor currently leased under a NNN lease to a single tenant since September 2007, with the lease expiring August 31, 2027 (approximately 2.8 years remaining). The net rentable area is 5,974 square feet, with a current occupancy rate of 51%. The asking price is $2,000,000, translating to a price per square foot of $282.89. The building is a two-story structure and includes shared project parking. Its convenient location offers proximity to shopping and burgeoning residential areas. Rent bumps are included in the lease agreement, and the lease offers options for terms ranging from one to five years. This property represents a strong investment opportunity in a thriving Corvallis location. The building's existing tenancy provides immediate cash flow, while the remaining lease term and potential for future lease increases offer significant long-term value. The strategic location within the Walnut Professional Center, alongside other professional office spaces, ensures a stable and desirable environment for tenants.