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2205 Ashland St
Ashland, OR 97520

$675,000 USD

Storefront Retail Office Condo For Sale  •  1,450 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 20,500 SF
  • Lot Size 1 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 8.10 %
  • Tenancy Multiple
  • Zoning C-1
0 Transit Score
71 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 102 Medical 1,450 SF $675,000 USD
  • Unit Size: 1,450 SF
  • Condo Use: Medical
  • Price: $675,000 USD
  • Sale Type: Investment
  • Price/SF: $465.52 USD
Description
Merit Commercial Real Estate is pleased to exclusively present for sale a fully leased STNL medical clinic in beautiful Ashland, Oregon. 2250 Ashland Street, occupied under a long-term lease by OnePeak Medical, is a rare public offering of a thoroughly built-out, cash-flowing medical net lease investment property at an attractive return.

Sited on a high-traffic main road in south Ashland, the property enjoys direct access from Ashland Street with 11,444+ VPD, as well as access to Clay Street and McCall Drive. The immaculate condo located within a newer-vintage and very well-maintained building is highlighted by a large two-sided monument sign facing Ashland Street.

This Ashland location is one of the top-producing facilities within OnePeak's system and has consistently remained busy. The layout of the property allows for high customer traffic with plenty of parking, while also remaining flexible for future modifications or uses. Inside, there is a patient waiting area, numerous exam rooms, private offices, break room, restrooms, and storage. Essentially every surface has been remodeled to perfectly serve a medical clinic.

OnePeak Medical, a healthcare provider based in Oregon, was founded in 2015, and has experienced significant growth since its inception, showing over 35 providers and 14 clinic locations in the end of 2023. OnePeak aims to redefine primary care by integrating traditional approaches with complementary and functional medicine, offering services such as prevention-focused primary care, hormone testing and balancing, nutrient therapy, and on-site lab testing. OnePeak emphasizes a holistic approach in developing personalized treatment plans; their continued growth and significant financial backing demonstrates the growing popularity of its unique healthcare model.

Sale Notes
NNN investment property.  Stable tenant.  HOA responsible for exterior maintenance.

Description

Beautifully finished medical office commercial condo with an exceptional medical tenant. Newly remodeled in 2021. Full NNN lease. 4 years remaining on initial term.

Highlights

high traffic exposure
easy management
ideal for 1031

Financial Summary

Cap Rate: 8.10 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
One Peak Medical 1,450 SF 5/31/2028

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Signage
  • Monument Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Rogue Valley International - Medford 26 min - 18.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Scott King 541-890-6708 Merit Commercial Real Estate LLC
Scott King 541-890-6708 Merit Commercial Real Estate LLC