2436 W Main Street, Medford OR 97501

Scott King and Caspian Hoehne of Merit Commercial Real Estate exclusively represented the Seller in the sale of 2436 West Main Street, Medford, OR 97501 in October 2026, showcasing an extremely strong conventional office transaction in a supremely challenging market. 

The Challenge: The conventional/professional office segment has seen significant struggles in recent years, with performance blunted by a combination of rising vacancy, a flight to quality, interest rate shock, a surge in remote work, and macroeconomic slowdowns. Bringing an office asset of any quality to market presents a level of risk and requires a process of price discovery. At an asset-level, the subject had a very near-term lease expiration clouding the future occupancy. 

Merit’s Process: Given that the asset was of extremely high quality and well-appointed with high-end finishes throughout, only the best photography and marketing was required. Deep pre-listing work was completed to effectively explain the current lease situation, and lay out the realistic options for a buyer, significantly cut down the repetitive buyer conversations and gave buyers what they wanted - deal confidence and understanding of the real opportunity. Throughout the process, the Merit team facilitated communication between the seller, tenant, and buyer, which ended up being a highly liquid, non-1031-motivated buyer seeking stable yield in high quality real assets. A new lease with a reset term was negotiated during escrow, giving the buyer confidence. Additionally, exposing the asset to the local MLS helped identify the buyer, and further proves the strength of high-liquidity, private buyers. 

The Result: The asset closed in October 2026 for nearly full asking price at $1,071,500 in an all-cash transaction. The end buyer was identified after just 9 days on the market.

Client Testimonial: I just wanted to reach out and say how grateful and appreciative I am to have been connected with you and your team at Merit Commercial Real Estate. You and your team killed it by selling the vacant lot and office building in a more challenging environment. Both listings sold in less than 45 days per listing, which is nothing short of miraculous in my book; This was totally unexpected given my last realtor had a full year without any offers. The communication and follow up along the way was outstanding, and the process from listing to closing could not have been any smoother! Thanks again for hard work and dedication to your craft!