1913 Fescue (-1957) St SE SE Save Request In-Person Tour Request Virtual Tour
Albany,OR 97322
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 24,260 sqft
Price per Sqft $145
MLS Listing ID 826765
Year Built 2000
Annual Tax Amount $27,022
Tax Year 2023
Lot Size 0.920 Acres
Acres 0.92
Property Sub-Type Industrial
Property Description
Accepted Offer with Contingencies. This Class A light industrial building has been occupied by the same tenant for close to 25 years and is an outstanding investment opportunity. The building is approximately 65% warehouse and 35% office space and is in outstanding condition throughout. The current rent is well under fair market value. The tenant is prepared to sign a long-term lease extension at closing at a starting rate of $.815 per square foot per month, triple net*. This is a blended rent considering the office and the warehouse space and is equal to or less than our estimate of fair market rent. The subject property is visible to Interstate 5 and less than 1/2 mile from the Highway 20 interchange. * Please inquire with the listing agent for details on the future lease.
Location
State OR
County Linn
Area 80 Linn County
Building
New Construction No