Stabilized Office/Medical Building in downtown Ontario, OR

Highlights:

• - 17,240 SF property (7092 Office, 5000 basement, 5148 interior parking)
• - Prime Ontario location
• - 60% occupancy with a stable tenant
• - Well-maintained and well kept exterior/interior
• - Ample on-site parking for tenants and visitors
• - Strong rental history and income potential
• - Proximity to major transportation routes
• - Close to amenities and services
• - Potential for future expansion or reconfiguration
• - Professional property management in place
• - Excellent investment opportunity with steady appreciation

Description:

The Caldwell Building is a historic building located in downtown Ontario. This ex-auto showroom has been converted to a 3 story medical building, and is a testament to enduring quality and structural resilience.

NOI-$74k
Cap 5%
Upside on an additional 25% to market rent at renewal + basement rental.
Tenant pays for $4000 property tax.

Built in 1930, The 7092 sq ft two level office space (leased); in addition there is an extensive 5000 sq ft basement (leasable), and 27 interior/5 surface parking spaces.
This property has its own built-in Sally Port for security. Major update of roof, HVAC, electrical, plumbing etc performed in 2019, cost $450k.
It is professionally managed with low operating expense.
This timeless concrete structure is occupied by long term accredited tenants, at 59% (leasable % occupied space). 41% additional leasable potential with 5000 sq ft. basement.

This is an incredible investment opportunity for stable cash flow, with upside for additional 40% rental income of basement.

With its robust construction, additional leasable space, and an accredited tenant with long term lease (two 5 year renewal options), this property presents a compelling proposition for those looking to diversify their portfolio into a safe and steady investment.


Located in beautiful Ontario, OR, the property offers a prime investment opportunity in a vibrant and growing area. With a thriving downtown district and convenient access to transportation corridors, this location presents an appealing prospect for an Office / Office Building investor seeking to become a part of Ontario's dynamic landscape.

Electrical, water

Documents: