eXp Realty Ryan McMillan, Oregon license 201262100 · Brokered by eXp Realty (541) 941-8301
PromesaInvestment Properties

Our Properties · Industrial

Rogue Valley Flex

4471 Highland Avenue · Grants Pass, OR · 97526 · Josephine County

Sample · Not for SaleLocation

A sample listing, not for sale. It is made up to show how our listings and their Offering Memoranda work; the property, its address and its figures are not real.

$1,650,000

$275,000 per unit · $92 per sq ft

Rogue Valley Flex, photo 1 of 1

The underwriting

$1,650,000 6.9% cap

Rogue Valley Flex

6 units18,000 sq ft$275K / unit6 bathsGarage Yesbuilt 2004

Cash FlowYear 1$2,442Year 10$5,333a month, after the loan
$1,650,000 6.9% cap

LineNowYear 10 proformaProjections for illustration only: not an appraisal, a loan quote or a guarantee. Verify every figure in due diligence. Disclosures
NOI / year$114K$149K
Coverage1.35×1.76×
Equity$578K35% down$1.3M59%
Return CoC · IRR4.7%11.7%

Down payment

35%

Interest rate

6.875%

Amortization

30 years

Management

Self-managed

30-year fixed. Income and value grow 3% a year. Self-managed.

Ask Ryan for the file

Rent roll, trailing twelve, and the lender package.

Figures are estimates from information deemed reliable but not guaranteed. Disclosures.

Units
6
Year built
2004
Building
18,000 sq ft
Lot
52,000 sq ft
Bathrooms
6
Garage
Yes
Occupancy
100%
Gross rent
$14,100 / mo
Expenses
$46,890 / yr
Cap rate
6.9%
NOI
$113,850
GRM
9.8x

About the property

Fictional placeholder listing for demonstration.

Six flex bays of 3,000 square feet with grade-level doors and small offices, fully leased to local trades on staggered three-year terms. Fenced yard, 3-phase power, and room for two more bays on the north end of the lot.

Highlights

  • Six bays, six tenants, staggered terms
  • 3-phase power, grade-level doors
  • Expansion room for two more bays

Location

Map not available