5Th St Corvallis, OR 97330
- Office Properties & Spaces
Current Use by Public Records
- Office Properties & Spaces
Property Details for 0 5Th St
- Year built
- 1999
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corvallis
- County
- Benton
- State
- Oregon
- Longitude
- -123.261
- Latitude
- 44.5682
