For Sale
$2,999,000

1501 Sage Rd Medford, OR 97501

High-Cashflow, Multi-Tenant Flex Space

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity features a 15,000 square foot, multi-tenant industrial portfolio in Medford, Oregon. Comprising three buildings on a 0.96-acre lot, the property boasts a strong 100% occupancy rate with four tenants under a modified lease structure with varying rent bumps. The current lease term extends until October 31, 2028, providing a stable income stream. Built in 1996 and extensively renovated in 2022, the property includes updated HVAC systems and a new fire suppression system. The buildings are zoned I-G (General Industrial) and offer a mix of flex, manufacturing, and R&D spaces, catering to diverse business needs. The property features 38 parking spaces and generates a substantial net operating income (NOI) of $282,000, representing a compelling 9.40% cap rate. The asking price is $2,999,000, translating to $199.93 per square foot. This stabilized investment presents a rare opportunity to acquire a high-performing industrial property with significant long-term potential in a desirable location. The property includes eight individual units across the three buildings. Lease options are available.

Highlights

  • $2,999,000 asking price for a stabilized Class A industrial property.
  • 15,000 square feet of net rentable space across three buildings on a 0.96-acre lot in Medford, Oregon.
  • 9.40% cap rate with a $282,000 net operating income (NOI).
  • 100% occupancy with four tenants under a modified lease with a remaining term of four years (lease commencement November 1, 2023).
  • Property features 38 parking spaces and is zoned I-G (General Industrial).

Property Details for 1501 Sage Rd

Property type
Life science properties, Industrial properties
Square Feet
15,000 SF
Class
A
Year Built/Renovated
1996/2022
Buildings
3
Stories
1
Lot Size (sq. ft)
41,818 SF
Units
8

Location Insight

City
Medford
County
Jackson
State
Oregon
Latitude
42.339395891298
Longitude
-122.89084326316
1501 Sage Rd, Medford, Oregon

FAQs

What type of property is this?
Life science property - High-Cashflow, Multi-Tenant Flex Space
Where is the life science property located?
The property is located at 1501 Sage Rd Medford, OR.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: $2,999,000 asking price for a stabilized Class A industrial property.; 15,000 square feet of net rentable space across three buildings on a 0.96-acre lot in Medford, Oregon.; 9.40% cap rate with a $282,000 net operating income (NOI).
How can I contact the broker?
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1501 Sage Rd
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