545 A St 4,950 SF 100% Leased Office Building Ashland, OR 97520 $2,074,965 CAD ($419.18 CAD/SF) 3.74% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed-use commercial and residential building in Ashland's historic Railroad District
- Financials, proforma, improvements, maintenance records, and floor plans available
- Thoroughly maintained and upgraded with low-e windows, fresh exterior paint, new furnaces and AC units, and a new roof
EXECUTIVE SUMMARY
First time on market for this charming mixed-use commercial and residential building in the heart of Ashland's historic
Railroad District, located within a flat half-mile radius of parks, restaurants, shopping, and downtown entertainment! Main level
with two long-term commercial tenants; upper level with two residential tenants approaching first year of occupancy. Property
has been thoroughly maintained and upgraded with low-e windows, fresh exterior paint, new furnaces and AC units, and a new
roof within the last nine years. Each commercial unit with half-bath; residential units with spacious living rooms, full kitchens,
and one to two bedrooms and full bathrooms. Alley access to Ashland’s central bike path, five private parking spaces, and one
shared ADA space. Courtyard with mature ornamental trees and plantings. Inquire with agents to access full due diligence
package – including financials, proforma, improvements, maintenance records, floor plans, and more!
Railroad District, located within a flat half-mile radius of parks, restaurants, shopping, and downtown entertainment! Main level
with two long-term commercial tenants; upper level with two residential tenants approaching first year of occupancy. Property
has been thoroughly maintained and upgraded with low-e windows, fresh exterior paint, new furnaces and AC units, and a new
roof within the last nine years. Each commercial unit with half-bath; residential units with spacious living rooms, full kitchens,
and one to two bedrooms and full bathrooms. Alley access to Ashland’s central bike path, five private parking spaces, and one
shared ADA space. Courtyard with mature ornamental trees and plantings. Inquire with agents to access full due diligence
package – including financials, proforma, improvements, maintenance records, floor plans, and more!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$124,171
|
$25.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,171
|
$25.08
|
| Taxes |
$18,109
|
$3.66
|
| Operating Expenses |
$28,464
|
$5.75
|
| Total Expenses |
$46,573
|
$9.41
|
| Net Operating Income |
$77,597
|
$15.68
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,950 SF
Building Class
A
Year Built
1997
Price
$2,074,965 CAD
Price Per SF
$419.18 CAD
Cap Rate
3.74%
NOI
$77,604 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,475 SF
Building FAR
0.87
Lot Size
0.13 AC
Zoning
E-1 - "The district is designed to provide for a variety of uses such as office, retail, or manufacturing in an aesthetic environment..." (i.e., mixed use)
Parking
5 Spaces (1.01 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Courtyard
- Signage
- Skylights
- Wheelchair Accessible
- Kitchen
- Accent Lighting
- Reception
- Storage Space
- Central Heating
- DDA Compliant
- High Ceilings
- Natural Light
- Partitioned Offices
- Plug & Play
- Recessed Lighting
- Secure Storage
- Shower Facilities
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- 937 SF
- $2.24 CAD
- Modified Gross
- Jun 2029
As a global financial services firm, Raymond James focuses on providing trusted advice and tailored, sophisticated strategies for individuals and institutions. Raymond James Financial Services, Inc. was founded with the mission to help clients achieve their financial goals and dreams. Raymond James accomplishes this through financial consulting with their clients that includes investment objectives that are combined with a conservative, long-term approach to asset allocation and a selection of superior financial products and services. It is this commitment to excellence that has made Raymond James Financial Services one of the nation’s premier investment management firms.
- Millen Property Group
- Real Estate
- 1,168 SF
- $2.51 CAD
- Modified Gross
- Jan 2027
- Unit 4 (Residential)
- -
- 868 SF
- $2.31 CAD
- Modified Gross
- Sep 2024
- Unit 5 (Residential)
- -
- 1,338 SF
- $1.95 CAD
- Modified Gross
- Dec 2024
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 937 SF | $2.24 CAD | Modified Gross | Jun 2029 | |
| Millen Property Group | Real Estate | 1,168 SF | $2.51 CAD | Modified Gross | Jan 2027 | |
| Unit 4 (Residential) | - | 868 SF | $2.31 CAD | Modified Gross | Sep 2024 | |
| Unit 5 (Residential) | - | 1,338 SF | $1.95 CAD | Modified Gross | Dec 2024 |
1 of 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 10828855 | Total Assessment | $1,176,940 CAD (2024) |
| Land Assessment | $61,423 CAD (2024) | Annual Taxes | $18,109 CAD ($3.66 CAD/SF) |
| Improvements Assessment | $1,115,517 CAD (2024) | Tax Year | 2025 |
