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1128 NE 2nd StCorvallis, OR 97330
BSM Surgery Center & Medical Building
Asset ClassHealthcare Facility, Office
Deal Size$11 M
Square Feet: 24,028Occupancy: 100%Weighted Average Lease Term: 7.5 YearsAccess Data Room
Long-Term Tenancy in a University Market
overview of deal

Overview

Zeustra Healthcare Real Estate is pleased to present an institutional‑quality investment in Corvallis, Oregon. This purpose‑built 24,028 SF ambulatory surgery center and medical office facility sits just minutes from Oregon State University’s 32,000‑student campus, fostering a reliable referral pipeline from collegiate athletics, faculty and surrounding high schools. Anchored by a Joint Commission–accredited surgery center covering 48% of rentable area and two established physician groups with over a decade of community tenure, the property delivers stable cash flow through majority triple‑net leases, annual rent escalations and minimal landlord responsibilities.

 

Located in one of the Pacific Northwest’s most recession‑resistant, education‑driven markets, the asset benefits from Corvallis’s sub‑4% unemployment rate, above‑average household incomes and an aging-and‑academic population tailwind. With seamless access to I‑5, strong regional healthcare network and accelerating outpatient surgery trends, this is an ideal opportunity for investors seeking durable, inflation‑protected income and mission‑critical tenancy.

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Investment Highlights

  • Recession‑Resistant Market: college‑driven economy, sub‑4% unemployment, above‑average household incomes
  • Strong Academic Referral Base from Oregon State University’s athletics and student‑faculty population
  • 24,028 SF Total Rentable Area with 11,687 SF ASC footprint (48% of GLA)
  • Net Operating Income of $808,354 (Year‑1)
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1128 NE 2nd StCorvallis, OR 97330

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Listing provided by Revere CRE