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Listed by Pacific Properties • 541-290-9597
$ 6,400,000
Est. payment | /mo
15,152 SqFt
$ 6,400,000
Est. payment | /mo
15,152 SqFt
Key Details
Property Type Commercial
Sub Type Income
Listing Status Active
Purchase Type For Sale
Square Footage 15,152 sqft
Price per Sqft $422
MLS Listing ID 635248447
Year Built 2024
Annual Tax Amount $7,394
Tax Year 2024
Lot Size 0.960 Acres
Property Sub-Type Income
Property Description
We are pleased to offer to qualified investors an opportunity to purchase a national tenant legacy asset. Located at Teakwood Plaza in Coos Bay Oregon, Planet Fitness is a full service gym and spa facility, with national brand recognition, and tenant strength. This newly constructed 15,000sf building is adjacent to Tru Furniture, and the soon to be open TJ Maxx! Teakwood Plaza is a never to be replicated big box retail center, located on Highway 101 with bi-directional frontage and visibility, and the highest traffic counts in the county (27,200 ADT). The City of Coos Bay is the largest City on the Oregon Coast, and this area of Oregon has a deep history for water based industries. Teakwood Plaza is celebrating the past, but in a modern way. This is a once in a lifetime site and investment that will not be duplicated. This an excellent opportunity to purchase an investment grade asset, with strong stable income and zero day-to-day landlord management obligations securing long term passive income.
Location
State OR
County Coos
Area _260
Zoning I-C
Interior
Heating Forced Air, Heat Pump
Cooling Heat Pump
Exterior
View Bay, City, Mountain
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash
Listing Terms Cash
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