3132 State St, Medford, OR 97504

Scott King and Caspian Hoehne of Merit Commercial Real Estate exclusively represented both Landlord and Tenant in the lease of a high quality ±3,075 SF true medical clinic space within the Alderwood Office Park in east Medford, just blocks to Asante RRMC.

The Challenge: Both the professional office and medical office leasing market faced serious headwinds extending vacancies, bringing lease rates down or remaining flat, and high NNN expenses further placing downward pressure on tenant’s budgets. The specific suite had a custom, highly tailored medical clinic buildout, which limited the pool of prospective tenants. 

Merit's Process: At the peak, Merit had three different spaces for lease within the same building. By leveraging exceptional materials and diverse marketing platforms including Facebook Marketplace, Merit Commercial Real Estate generated significant tenant activity including multiple tours, and the Merit team ended up representing the end user. The Merit team found the end user from a short list of known active tenants seeking similar spaces, and ended up representing both Landlord and Tenant in the deal.

The Result: The medical office space leased for $2.20/SF/Month under a multi-year NNN lease in April 2026.