REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "