Medical Office    

Harvard Medical Park

 Roseburg, OR

Asking Price

$13,900,000

In-Place Cap Rate

8.60%

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Year Built

1965 / 2007

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Avg HHI

$74.6K

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Land Area

4.71 Acres

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Value-Add Investment

75% Occupied

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Value-Add Investment – The Property is currently 75% occupied with the ownership group signing 7 new leases in 2024 with ongoing discussions for the available space.
  • Location – Located directly off the I-5 freeway on Harvard Ave. The Property is just two miles south of the region’s major hospital system, CHI Mercy Medical Hospital.
  • Historical Occupancy – 40% of the GLA has occupied the premises for over 10 years (7% for over 5 years).
  • Low Competition – Located in a market with a low 5% medical office vacancy rate and no new medical office space under construction or delivered in the last 12 months.
  • Cashflow - The Property offers strong cash-on-cash return of 9.36%.
  • Roseburg – Roseburg’s 2024 population is estimated to be 24,260 which is 9.27% higher than 2014.

Exclusively Listed By

Michael Kapnick

Vice President, Investment Sales
  mkapnick@northmarq.com      503.210.4068
OR Lic. #960500191

Anthony Albrecht

Senior Associate, Investment Sales
  aalbrecht@northmarq.com      503.210.4062
OR Lic. #201239052

Michael Salzman

Senior Vice President, Debt & Equity
  msalzman@northmarq.com      303.225.2111

Patrick O'Malley

Vice President, Debt & Equity
  pomalley@northmarq.com      303.225.2126

Jared Wiedmeyer

Transaction Manager, Debt & Equity
  jwiedmeyer@northmarq.com      303.225.2110

Northmarq

4949 Meadows Road, Suite 490
Lake Oswego, OR 97035


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