$1,625,000
$1,650,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
2516 Glacier PL Redmond, OR 97756
10,240 SqFt
Key Details
Sold Price $1,625,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,240 sqft
Price per Sqft $158
Subdivision Nolans
MLS Listing ID 220127032
Sold Date 02/02/22
Year Built 1999
Annual Tax Amount $7,740
Lot Size 0.560 Acres
Acres 0.56
Lot Dimensions 0.56
Property Description
Investment opportunity with 6% cap rate. Building is Block and Steel construction on half acre lot with excellent visibility to Hwy 126 (Highland Ave) in Redmond. 3414 sf in office and 6826 sf in warehouse. Four years remaining on a five year lease. Gross lease with annual increases. Single tenant is well established. Rapidly growing Redmond and surrounding area means a bright future for the tenant and strong appreciation of this investment. Building is well maintained.
Location
State OR
County Deschutes
Community Nolans
Direction By appointment, right on Glacier, right on Glacier Place.
Rooms
Basement None
Interior
Interior Features Built-in Features, Laminate Counters, Smart Thermostat
Heating Ductless, Forced Air, Heat Pump, Natural Gas
Cooling Central Air, Heat Pump
Window Features Aluminum Frames
Exterior
Garage Asphalt, On Street
Roof Type Membrane
Building
Lot Description Drip System, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
Entry Level One
Foundation Block, Slab
Water Public
Structure Type Block,Frame
New Construction No
Others
Senior Community No
Tax ID 179611
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
