153 SW 5th Street is an impressive office building, spanning 4,138 square feet on a 0.35-acre lot. It stands as a cornerstone of stability in Downtown Redmond. Situated at the signalized intersection of 5th Street and Black Butte Boulevard, this property enjoys unparalleled visibility and accessibility.
Fully leased to two esteemed tenants, Edward Jones and Western Title and Escrow, both on triple net leases, this building combines ease of management with the assurance of consistent and reliable returns, boasting a commendable 5.23% cap rate. Its prime location within this thriving community, paired with the quality of its tenants and the stability of its leases, positions this investment as a coveted asset in the burgeoning commercial landscape of Central Oregon. Don’t miss this chance to acquire a solid, income-generating property in a dynamic and growing locale.
Central Business District Commercial (C-2)
- Investment Opportunity: Excellent 1031 exchange property
- Fully leased to two quality tenants on triple net leases
- Great downtown Redmond location with access to local amenities
- High traffic counts of 7,835 AADT on 5th Street and 3,275 AADT on Black Butte Blvd.
- Monument signage provides exceptional visibility for tenants
- Low-maintenance brick building with metal roof and attractive landscaping
- Strong demographics with a median home price of $555,000 as of November 2023
- Located in a growing area with more than 38% increase in population since 2010