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300 Ellsworth St. SW
Albany, OR 97321
Asking Price
$3.50M
Asset Type
Executive Office Office
Class
Class B
What's Special
300 Ellsworth St. SW, Albany, OR 97321 <ul><li>Seller Lease Back - WaFd Bank to execute leaseback for approximately 4,500 sqft of ground floor space at closing</li><li>Redevelopment Opportunity in the core of downtown Albany</li><li>Three-story building on a 0.32 acre parcel offering scale, visibility, and flexibility</li><li>Approximately 1,928 sqft of ground floor space and entire second floor in shell condition</li><li>HD - Historic Downtown zoning allows executive office or creative use ideas</li><li>Elevator serviced build
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NOI
$80,000
Cap Rate
2.29%
DSCR
0.39
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,311.143
Annual Cash Flow
$-127,733.715
