930 Biddle Rd
Medford OR 97504
Bear Creek Plaza | Value-Add Shopping Center | 9.64% Stabili
930 Biddle Rd Medford OR 97504
Listing #: 672833 | Status: Pending | Last Modified: 8/13/2024 |
For Sale
- Phone:(206) 826-5787
- Email:brownretailgroup@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 22,850,000.0
- $/SF$ 120.5
- Listing StatusPending
- Days on Market347
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.70 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units31
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings6
- # of Floors1
- # of Units31
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF189670
- Net Rentable Area189670
- Total Office SF
- Largest Contiguous SF
- Lot SF737471
- Acres16.93
- Property TypeRetail
- Office Type
- Building Class
- CountyJackson
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #10712345
- Additional Parcels
- ZoningC-C
- # Covered Spaces0
- # Uncovered Spaces682
- Total Parking Spots682
- Parking Ratio
- Year Built1977
- Year Renovated2022
- Completion Date
- Roof Type
- Construction Type
Bear Creek Plaza
- Marcus & millichap’s brown retail group has been selected to exclusively market for sale bear creek plaza, a unique opportunity to purchase a dominate, 188,759 sf shopping center located adjacent to I-5 (105,000+ vpd) in medford, or. - Bear creek plaza is currently 76% occupied with immediate upside by leasing three vacant suites. - The property has performed well historically, with roughly 68% of the gla having occupied the property for at least 10 years with the three anchor tenants, bi-mart, big lots and dollar tree having occupied the center since 1977, 2000, and 2000, respectively. - The property features a strong credit tenant presence with 65% of the income stream coming from national or regional tenants. - The property also contains six, free-standing buildings providing an