For Sale
$13,900,000
1813 Harvard AveRoseburg, OR 97471
- Added:
- Dec 11, 2024
- Days on market:
- 121
Highlights
- Value-Add Opportunity: 75% occupied, with seven new leases signed in 2024 and ongoing lease negotiations.
- Prime I-5 Freeway Location: Situated on Harvard Ave, two miles from CHI Mercy Medical Hospital.
- High Tenant Retention: 40% of the gross leasable area (GLA) has been occupied for over 10 years, with an additional 7% for over 5 years.
- Strong Market Fundamentals: 5% medical office vacancy rate, with no new medical office construction in the past year.
- High Cash-on-Cash Return: 9.36% cash-on-cash return.
- Growing Market: Roseburg's population increased 9.27% between 2014 and 2024, reaching an estimated 24,260 residents in 2024.
Property Details for 1813 Harvard Ave
- Property type
- Office properties, Medical offices
- Square Feet
- 93,977 SF
- Year Built/Renovated
- 1965/2007
- Lot Size (sq. ft)
- 205,168 SF
Location Insight
- City
- Roseburg
- County
- Douglas
- State
- Oregon
- Latitude
- 43.213713864194
- Longitude
- -123.37077056758
1813 Harvard Ave, Roseburg, Oregon
Nearby Similar for Sale
FAQs
- Where is the office property located?
- The property is located at 1813 Harvard Ave Roseburg, OR.
- What is the asking price?
- The asking price for this property is $13,900,000.
- What are key features of this property?
- This property features: Value-Add Opportunity: 75% occupied, with seven new leases signed in 2024 and ongoing lease negotiations.; Prime I-5 Freeway Location: Situated on Harvard Ave, two miles from CHI Mercy Medical Hospital.; High Tenant Retention: 40% of the gross leasable area (GLA) has been occupied for over 10 years, with an additional 7% for over 5 years.
- How can I contact the broker?
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