Description

1877 Williams Highway is a 10,000 SF medical office property for sale in Grants Pass, OR. Built in 2014 and 100% occupied, it offers a healthcare investor an existing income stream anchored by the U.S. Department of Veterans Affairs.

The building sits on 1.4 acres and has 31 parking spaces, giving the medical office setting dedicated parking for patients, staff and visitors. Its 2014 construction date and single-building scale define a focused healthcare asset rather than a multi-property portfolio. The VA anchor and full occupancy put the current tenancy at the center of the investment case. Operating expenses of $7.62/SF/year give buyers a property-level expense figure to review alongside the income, while the site size and parking count describe the physical footprint supporting the building’s use.

The asking price is $2,956,764, or $295.68 PSF, with an 8% cap rate and $236,541 in NOI. In-place rents are $312,728/yr. Together, those figures present a purchase grounded in current occupancy and operating income rather than a vacant-space leasing plan. The $2,111,974.29 per acre figure provides another way to view the asking price against the 1.4-acre site. For an investor seeking an occupied medical office asset, the decision centers on the VA-anchored tenancy, the building’s operating profile and the income represented by the asking price.