The Caldwell Building

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.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 Actual Cap: 4.92%/ 7.3% Projected Projected NOI: $110,753. Upside on an additional 25% to market rent at renewal 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. Professionally managed with low operating expense. 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.