1113 Tucker Rd - Light Manufacturing FOR SALE


Hood River, OR 97031
$2,800,000 USD
940-735-2112
1113 Tucker Rd, Hood River, OR for Sale
$2,800,000 USD
Light Manufacturing - FOR SALE
1/8
null | 5.46% Cap Rate

1113 Tucker Rd
Hood River, OR 97031


HIGHLIGHTS

  • Net-Leased IOS Asset with Nationally-Operating Tenant
  • 55-Year Operating History at the Site
  • Tenant Open to a 5-Year Extension
  • Rare Low-Coverage IOS / Owner-User Optionality
  • Seller Financing Available

OVERVIEW

Westover Industrial Partners is pleased to present 1113 Tucker Rd, a 2.69-acre single-tenant industrial outdoor storage (IOS) facility in Hood River, Oregon, net leased to REIC Rentals, LLC. The low-coverage, yard-dominant site sits directly on the I-84 corridor through the Columbia River Gorge — a market where developable industrial land and improved yard space are exceptionally scarce. The property is occupied by REIC Rentals, LLC, which recently acquired a long-tenured operating business carrying a 50-plus-year history. The NNN lease has two years of remaining term with no renewal options and 3% annual increases, producing current NOI of $152,400. The short remaining term is the offering's defining feature. It positions the asset for passive net-lease and 1031 capital seeking yield with near-term mark-to-market upside, while simultaneously drawing local and regional owner-users who rarely find a chance to own scarce, infill yard space along the corridor.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

5.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Industrial - REIC Rentals (Hood River)

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.69

LAND SF

117,326

ZONING

C1

APN/PARCEL ID

02N-10E-01-B0-03702-6582.00

ASK ABOUT THIS PROPERTY

Matson KaneWestover Industrial PartnersMore Info
940-735-2112

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Matson KaneWestover Industrial PartnersMore Info
940-735-2112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.