1325 7th St Grants Pass, OR 97526-1358

Property Details for 1325 7th St

Year built

2016

Lot size

0.37 lot acres

Property size

723 SF

Zone code

GC; GENERAL COMM

Property type

Commercial real estate

APN

36-05-08-CA-003500

APU

360508CA003500

Description

This exceptional investment opportunity presents a fully-leased, single-tenant medical office building in Grants Pass, Oregon. The 3,998 square foot Class B building, constructed and renovated in 2020, sits on a 0.37-acre lot with 25 parking spaces. Located at 1325 NE 7th St, the property benefits from high visibility on a main arterial with over 13,715 vehicles per day. The building features a spacious waiting area, numerous exam rooms, private and open offices, labs, and ample storage. The property is currently 100% occupied under an 8-year NNN lease (commencing January 1, 2021) with annual rent bumps, offering a strong 7.47% cap rate and a Net Operating Income (NOI) of $125,040. The lease includes options, and the property is zoned Gc (General Commercial). This turnkey investment is ideal for a 1031 exchange, offering a stable and attractive return with minimal management responsibilities. The tenant, OnePeak Medical, is a well-established healthcare provider with multiple locations, demonstrating financial stability and growth potential. The property's modern design and prime location ensure continued strong performance. The asking price is $1,675,000, translating to $477.74 per square foot. The Josephine County property (APN R307791) presents a rare opportunity to acquire a high-quality, cash-flowing medical office investment in a desirable Oregon market.