5Th St Corvallis, OR 97330
Call to check price and availability
Prime Corvallis office buildings, 100% occupied, strong NOI.
Property Features for 0 5Th St
General Information
- Property type
- Office properties & Spaces
- Class
- B
Building Details
- Year Built
- 1999
- Buildings
- 2
Listing Agency: Commercial Associates Listing Agent: Gary Pond
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents two Class B office buildings totaling 12,283 net rentable square feet, situated on a half-city block in Corvallis, Oregon. Built between 1999 and 2000, the property boasts a 100% occupancy rate with six tenants under triple-net (NNN) leases, including prominent businesses such as First American Title, Mortgage Express, Connected Real Estate Group, Farmers Insurance, Guild Mortgage, and Principal Property Management. The property offers ample parking, with 32 spaces per 1,000 square feet. The current asking price is $3,725,000, reflecting a compelling 5.93% capitalization rate and a substantial net operating income (NOI) of $220,841. The property benefits from built-in rent bumps and is subject to a ground lease expiring May 20, 2048, providing long-term stability and potential for future appreciation. Located at NW 5th St, Corvallis, OR 97330, in Benton County, this multi-tenant investment is an attractive proposition for discerning investors seeking a stabilized, high-performing asset in a desirable Oregon location. The property's strong tenant roster and favorable lease terms contribute to its exceptional financial performance and long-term growth prospects.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- Corvallis
- County
- Benton
- State
- Oregon
- Longitude
- -123.26133693031
- Latitude
- 44.56823907997
Nearby Similar for Sale
FAQs
What type of property is this?
Office property - Prime Corvallis office buildings, 100% occupied, strong NOI.
Where is this office property located?
The property is located at 5Th St Corvallis, OR.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: Two Class B office buildings totaling 12,283 net rentable square feet in Corvallis, OR.; 100% occupancy with six tenants on triple-net (NNN) leases, including First American Title, Mortgage Express, Connected Real Estate Group, Farmers Insurance, Guild Mortgage, and Principal Property Management.; Ample parking (32 spaces per 1,000 sq ft).
