140 11Th StHermiston, OR 97838

This exceptional investment opportunity presents a fully leased, mixed-use property located at 140 SW 11th St, Hermiston, Oregon. The property consists of a two-story, 3,040 square foot office building built in 1970 and renovated in 2021, situated on a 18,482 square foot lot zoned C-2. Currently operating at 100% occupancy since August 1, 2023, the building boasts a strong net operating income (NOI) of $48,000, yielding a 6.00% cap rate. The single tenant is under a net lease agreement with a remaining term of approximately 3.7 years, expiring July 31, 2028. The lease includes annual rent bumps of 2.5% and a renewal option for an additional 5 years with a similar increase. The property includes 20 parking spaces. A significant advantage is the inclusion of a finished adjacent lot of 6285 sq ft (this area is included in the overall lot size of 18,482 sq ft), complete with utilities and rainwater retention. This presents considerable potential for future development or expansion. The asking price is $800,000, translating to a price per square foot of $263.16. The property's APN is 119360