PRIME HARD CORNER AVAILABLE IN SOUTHERN OREGON

Available as an assignment or sub-lease to the existing ground lease.

Merit Commercial Real Estate has been exclusively retained to market for lease 30 Rossanley Drive. The site represents an extraordinarily rare opportunity to develop a Class A+ healthcare or retail building in beautiful Southern Oregon. 

30 Rossanley Drive is a prime hard corner, and fronts directly onto the signalized intersection of Highway 62 and Riverside Avenue. The site has unimpeded line-of-sight to 40,000+ VPD. 

The site represents a key element of the Northgate Retail Complex. It is among a select few parcels that have been meticulously planned over several years, aiming to establish a cohesive and all-encompassing retail center in the heart of a growing city.

Occupied by a growing list of national brands, the Northgate Complex enjoys the close proximity and shared customer base of Chick-fil-A, Chipotle, Starbucks, Five Guys, Jamba Juice, DaVita, Stanton Optical, and much more. 

Originally planned as a Class A medical office building, the COVID-19 pandemic of early 2020 caused construction to be put on hold. Subsequently, the developers decided to focus on other opportunities, which led to the site remaining vacant until now. 

The property is now being offered on the open market for the first time, available as a sub-lease to the existing ground lease, with competitive rent and exceptional opportunity.  

While the offering represents a healthcare-focused development opportunity, developers are by no means limited to this strategy. 30 Rossanley also lends itself extraordinarily well to a variety of other retail uses, all of which capitalize on the site's prime location and visibility. 

Completed plans and permits for an 11,000+ SF MOB are included.

Site is subject to certain use restrictions, but does have exclusive rights to "Urgent Care and Supporting Services" within the retail center. Use restrictions are as follows: no dialysis center, Mexican, hamburger, chicken, or blended juice restaurants, and no gas station use allowed on this parcel. 

Buyer to do all due diligence regarding the requirements and associated costs of development (including but not limited to applications, permits, improved access, required offsites, utility availability and extension, etc.). Please note that any density/configuration is subject to final approval.

Disclosure

This offering memorandum is intended for only the party receiving it from Merit Commercial Real Estate (hereinafter referred to as the "MCRE"), and should not be made available to any other reviewing entity without the prior written consent of MCRE. All information included in this offering memorandum has been obtained from sources deemed reliable, however, Owner, MCRE, and/or their representatives make no representations or warranties, expressed or implied, as to the accuracy of the information, and makes no warranty or representation into the exact state of the property, the presence of contaminating substances, PCB's or asbestos, the property or owner's compliance with State and Federal regulations, or the physical condition of any improvements on the property. The recipient of this document must independently verify the information and assumes any and all risk for inaccuracies contained herein. The information contained in this offering memorandum is not a substitute for a thorough due diligence investigation.