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Clayton Brown
Direct: (206) 826-5787
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Marcus & Millichap, Inc.
Main: (206) 826-5700
www.marcusmillichap.com
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FOR SALE - Listing #: 713030
9th St Retail Strip
1318 - 0 NW 9th St , Corvallis OR97330
7,721 Available SF 7,721 SF
Agent Remarks
We have been selected to exclusively market for sale the 9th Steet Retail Strip in Corvallis, OR, an owner/user or value-add opportunity. The property features a 7,721 SF building, currently 56% occupied by two tenants, with one vacant suite. An owner/user has the opportunity to occupy the vacant suite and collect income from the other tenants or a value-add opportunity investor can lease the vacant suite at market rents (+/- $22/SF NNN) and convert the other tenants to full NNN leases to achieve a pro-forma cap rate in excess of 11.5%. Offered at $207/SF, the property is priced well below replacement cost. Fronting NW 9th Street with visibility to 28,000+ VPD, pylon signage, and easy ingress/egress, the property sits within Corvallis's primary retail corridor surrounded by national tenant
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County
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Benton
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Market Area
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Not Assigned
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Tax ID #
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11526DC02900
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Price
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$ 1,600,000
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Property Details
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Prop Type
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Retail
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# Floors
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1
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Bldg SF
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7,721
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Year Built
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1998
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Land SF
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20,111
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# Bldgs
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1
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Acres
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0.46169
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# Parking Spaces
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0
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Office Class
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C
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Informational Links
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