Credit Tenant Leased Investment
Property Details
Price
$8,450,000
Building Size
70,000 SF
Property Details
Warehouse/Distribution
Total Lot Size
4.15 Acres
Year Built
1983
Description

This offering represents the opportunity to own a fee simple interest in a single tenant leased investment to the credit tenant, Columbia Distributing in Medford, OR. There is an additional 1.27 acre expansion parcel to the north of the subject property that is included with the offering. This approximately 70,000 SF building is uniquely located close to I-5 and the Rogue Valley International-Medford Airport.
The building consists of 14,000 SF of two-story office space and approximately 56,000 SF net warehouse area. The clear height in the warehouse ranges from 18’-24’ which includes a separate keg cooler.

Highlights
Single-tenant investment leased to credit tenant, Columbia Distributing.
Strategically located near the the Rogue Valley International-Medford Airport and across the street from the new Costco and Costco Fuel Center.
Originally constructed in 1983 to the design specification of Gold River Distributing serving the Southern Oregon communities. Columbia Distributing purchased Gold River and entered into the current lease in October of 2008.
Offered at $8,450,000 ($121/SF) at a 7.99% cap rate factoring in 5% reserves.
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