1501 Sage Rd Medford, OR 97501
- Turn key restaurants
- 15,000 SF
- 0.96 lot acres
Current Use by Public Records
- Los Arcos Taqueria & Restaurant / Mexican Restaurant
- Labortek / Employment Agency
Property Details for 1501 Sage Rd
- Year built
- 1996
- Lot size
- 0.96 lot acres
- Property size
- 15,000 SF
- Zone code
- I-G
- Property type
- Turn key restaurants
- APN
- 1-0803371
- APU
- 10803371
Description
This exceptional investment opportunity presents a portfolio of three commercial buildings totaling 15,000 square feet of gross rentable area, situated on a 0.96-acre lot in Medford, Oregon. The property is zoned IG (General Industrial) and boasts a compelling 9% capitalization rate, generating substantial monthly gross rents of $25,500. The expense ratio is a manageable 12.44%. The buildings are currently occupied by a diverse mix of long-term tenants. Building 1501 A/B/C houses a recently remodeled restaurant, while buildings 1503 and 1505 A/B/C/D are utilized for manufacturing and storage purposes. Recent capital improvements include the installation of new HVAC systems throughout the complex, a complete restaurant remodel in Building 1501, and a new fire suppression system in Building 1503. This is a turnkey investment opportunity with established tenants and a proven track record of strong cash flow. The sale includes the real estate only
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.891
- Latitude
- 42.3392
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
