2699 N 17th St, Coos Bay

$8,500,000

0 Bed
0 Bath
29,011 Sqft
3.38 Acres
0 Garage

HUGE PRICE REDUCTION!!! $1,800,000 price adjustment on this multi-tenant net leased investment!!! Medical Campus is occupied by an established orthopedic surgery and physical therapy center and ENT, with a new 5 year lease base term generating high returns and passive income. The subject property comprises 4 buildings totaling 29,011 SQFT and is positioned on a 2.01 acre lot adjacent to similar facilities in the medical district. Sale also includes 30X40 shop for maintenance and storage. NNN long term leases generating $606,651 Annual net income 7.1% Cap Rate at full price. Owners are selling real estate and retaining the businesses. Seeking quality landlord to collect $50,000 per month for the next 5 years with zero day to day responsibilities. Tenants pay all utilities, interior maintenance, property taxes, and insurance.

Essential Information
MLS® #22528870
Price$8,500,000
Bathrooms0.00
Square Footage29,011
Acres3.38
Year Built1979
TypeCommercial Sale
Sub-TypeCommercial
StatusActive
Community Information
Address2699 N 17th St
Area260 - Coos County
CityCoos Bay
CountyCoos
StateOR
Zip Code97420
Amenities
Parking Spaces116
ParkingOn Site
ViewSeasonal, Trees/Woods
Interior
HeatingHeat Pump
CoolingHeat Pump
# of Stories2
Exterior
RoofComposition, Rubber
ConstructionCement Siding, Wood Frame
Additional Information
Date ListedDecember 19th, 2022
Days on Market465
ZoningMP
Listing Details
OfficePacific Properties
Property History
Status Changed from Pending to Active
Status Changed from Active to Pending
Price Reduced from $10,300,000 to $8,500,000
Price Reduced from $10,995,000 to $10,300,000
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Listing information last updated on March 28th, 2024 at 6:55am PDT.