0 5Th StCorvallis, OR 97330

Property Details for 0 5Th St

Year built

1999

Property type

Office properties

Property subtype

Other office properties

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.

Location Insight

City

Corvallis

County

Benton

State

Oregon

Latitude

44.5682

Longitude

-123.261

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