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Cornerstone Court - Mixed use Investment
Description
Leased multi-tenant investment property now available for sale. Cornerstone Court has a long-standing history of diverse, quality tenants. The property is situated on 1.34 acres with prime frontage along Hermiston's Hwy 395 commercial corridor. The building has been well maintained and is in excellent condition with recent updates to the HVAC (2023), Roof (2024) and Exterior Paint (2025). This property offers a variety of suite sizes and layouts and provides a reliable income stream with future rent escalations.
OFFERING SUMMARY:
Building Size: 16,880 SF
Lot Size: 1.34 Acres
Price/SF: $115.52
Cap Rate: 6.68%
NOI: $130,233
Year Built: 1998
Zoning: C-2 Outlying Commercial
Market: Umatilla County
APN: 1802
PROPERTY HIGHLIGHTS:
- Excellent Location with High Visibility
- HWY 395 Frontage with 14,000+ ADT
- Diverse, Quality Tenant Mix
- Pylon Signage with Digital Reader board
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