Stabilized Office/Medical Building in downtown Ontario, OR

Highlights

• - 17,240 SF office building
• - Prime Ontario location
• - 100% occupancy with stable tenants
• - Well-maintained and well kept exterior/interior
• - Elevator to be installed for easy access to the basement
• - Ample on-site parking for tenants and visitors
• - Strong rental history and income potential
• - Proximity to major transportation routes
• - Close to amenities and services
• - Potential for future expansion or reconfiguration
• - Professional property management in place
• - Excellent investment opportunity with steady appreciation

Description

The Caldwell Building is a historic building located in downtown Ontario. This ex-auto showroom has been converted to a 3 story medical building, and is a testament to enduring quality and structural resilience.

Built in 1930, it boasts a spacious 17,240 sq ft of leasable space, including an extensive 5000 sq ft basement, and 27 interior/5 surface parking spaces. This property has its own built-in Sally Port for security. It is professionally managed with low operating expense. $450k was invested in TI, including a new roof in 2018. This timeless concrete structure is occupied by long term accredited tenants, at 76% occupied space. Tenant would lease out the additional 5000 sq ft. basement, increasing lease by an additional 30%+.
This is an incredible investment opportunity for out-of-town investors seeking property appreciation and steady income with very low operating overhead.
With its robust construction, ample space, and desirable tenant profile, this property presents a compelling proposition for those looking to diversify their portfolio into a safe and steady investment.

NDA needed before further disclosure.

Located in beautiful Ontario, OR, the property offers a prime investment opportunity in a vibrant and growing area. Ontario offers a rich tapestry of local attractions, including the historic Four Rivers Cultural Center and Museum, as well as a wealth of cultural experiences. The nearby Snake River provides opportunities for outdoor recreation, while city parks, such as Beck-Kiwanis Park, offer serene respites in the heart of the community. With a thriving downtown district and convenient access to transportation corridors, this location presents an appealing prospect for an Office / Office Building investor seeking to become a part of Ontario's dynamic landscape.