for sale or lease sylvan medical center -...
TRANSCRIPT
DAVE ELLIS, SIORPrincipal
JOHN KOHNSTAMM, SIORPrincipal
CONTACT USCAPACITY COMMERCIAL GROUP | 805 SW Broadway, Suite 700 | Portland, OR | 97205
503.326.9000 | [email protected] | www.capacitycommercial.com
The information contained herein is believed to be accurate but is not warranted as to its accuracy and may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
Proud member of:
FOR SALE OR LEASE
SYLVAN MEDICAL CENTER5415 SW WESTGATE DRIVE | Portland, OR 97221
SALE PRICE$8,500,000
›› 34,049 +/- SF available for Owner/User or Tenant›› $27.00/SF full-service lease›› Opportunity to co-locate with medical/dental
tenants›› Located in the Sylvan Highlands area of Portland ›› Approximately 42,200 gross SF and 39,553 RSF ›› Building visible from Sunset Highway
›› 173 parking spaces with electric charging station›› High quality tenant improvements throughout›› Medical/Professional building›› $4.5 M assumable loan @ 3.75% fixed›› Additional seller financing available›› Additional information provided upon request
SITE SPECS INFORMATION&
LOCATION
Example Finishes
5 Minutes to Downtown5 Minutes to HWY 217
BUILDING INFORMATION
Site: The Building is located in the Sylvan Highlands area of incorporate Portland, on 2.2 acres.
Building Area: The Building contains approximately 42,200 Gross SF of building area and 39,356 SF of rentable area.
Year Constructed: 1971
Property Type: Class B, Suburban Low-rise
Type of Construction: Wood frame with stucco skin
Height: Two stories with basement level
Roof: Membrane
Windows: Reflective glass
Zoning: CO2 - Office Commercial 2 Zone
Electrical Service: Multiple power capabilities available
Elevator Service: Hydraulic lift
HVAC: Variable Air Volume
Security: Monitored alarm system for both fire and police. Smoke alarms and wet system.
Utilities: All major utilities are in place.
GROUND FLOOR PLANGROUND FLOOR PLAN
Available14,681 SF
Square footage indicated are rentable numbers.
GROUND FLOOR PLANSECOND FLOOR PLAN
Available2,549 SF
Available5,426 SF
Leased2,693 SF
Leased2,811 SF
Square footage indicated are rentable numbers.
GROUND FLOOR PLANLOWER FLOOR PLAN
Square footage included are rentable numbers.
Available1,385 SF
Available2,971 SF
Available6,175 SF
Available862 SF
Square footage included are rentable numbers.
Purchase Price 8,500,000$ %LTV 75%Down Payment 2,125,000$ Interest Rate 5%Loan Term (years) 25Monthly Payment (37,268)$
Monthly AnnuallyRental IncomeJay Malquist DMD 9,850$ 118,200$ Jukka Perkiomaki, DMD 6,090$ 73,080$ Sylvan Physical Therapy 2,053$ 24,636$ David Cavano, DDS 6,500$ 78,000$ AT&T 1,000$ 12,000$ Total Income 25,493$ 305,916$
Operating ExpensesProperty Taxes (6,250)$ (75,000)$ Electricity (5,100)$ (61,200)$ Janitorial/Supplies (4,400)$ (52,800)$ Property Management (3,000)$ (36,000)$ Maintenance (3,452)$ (41,424)$ Other - Misc (3,219)$ (38,628)$ Other Utilities (2,110)$ (25,320)$ Insurance (654)$ (7,848)$ Total Average Monthly Expenses (28,185)$ (338,220)$
Buy ScenarioTotal Cost of Occupancy (39,960)$ (479,515)$ $/SF Cost of Occupancy (1.48)$ (17.76)$
Rent ScenarioTotal Cost of Occupancy (60,750)$ (729,000)$ $/SF Cost of Occupancy (2.25)$ (27.00)$
Savings from PurchaseTotal 20,790$ 249,485$ $/SF 0.7700$ 9.2402$
* Does not include in place financing options. There is an assumable loan inplace and the owner may consider carrying a 2nd. Please call for further details.
Purchase & Loan Assumptions*
Property Operating Information
Rent vs. Buy
OWNER USER ANALYSIS