Woolworth Building | 29-39 N Central Ave
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Woolworth Building 29-39 N Central Ave
68,845 SF 100% Leased Office Building Medford, OR 97501 $5,436,112 CAD ($79 CAD/SF) 7% Cap Rate
Investment Highlights
- Centrally Located
- High Occupancy Rate
Executive Summary
Historic building with a great location in Downtown Medford. The Woolworth Building is located on the corner of N. Central Ave. and Sixth St. Current MAI Appraisal that supports sale price. Currently showing a cap rate of approximately 7%. This 69,580 sq. ft. building features 55,100 above ground on 4 floors and a 14,580 sq. Ft. Basement. The main level is divided in 4 separate spaces and the upper 3 floors are divided into private offices with a mix of professional offices and services. Occupancy is currently at 98%.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
68,845 SF
Building Class
B
Year Built
1911
Price
$5,436,112 CAD
Price Per SF
$79 CAD
Cap Rate
7%
NOI
$380,528 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
13,769 SF
Building FAR
4.94
Land Acres
0.32 AC
Opportunity Zone
Yes
Zoning
C-C
Amenities
- Controlled Access
- Basement
- Central Heating
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
Parcel Number | 10369498 | Improvements Assessment | $1,416,253 CAD |
Land Assessment | $489,243 CAD | Total Assessment | $1,905,495 CAD |
PROPERTY TAXES
Parcel Number
10369498
Land Assessment
$489,243 CAD
Improvements Assessment
$1,416,253 CAD
Total Assessment
$1,905,495 CAD
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Presented by
Henselman Realty & Management LLC
Woolworth Building | 29-39 N Central Ave
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