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Listed by CURT ARTHUR • SVN COMMERCIAL ADVISORS, LLC • Direc: 503-588-0400
$ 3,525,000
Est. payment | /mo
24,260 SqFt
$ 3,525,000
Est. payment | /mo
24,260 SqFt
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
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2175 NW Raleigh St. Suite 110, Portland, OR, 97210, United States