1370 Port Dr - Distribution FOR SALE


Clarkston, WA 99403- Asotin
$4,500,000 USD
509-321-2000
1370 Port Dr, Clarkston, WA for Sale
$4,500,000 USD
Distribution - FOR SALE
1/10
null | 7.98% Cap Rate

1370 Port Dr
Clarkston, WA 99403
Asotin


HIGHLIGHTS

  • Owner User/Value-add Opportunity
  • Concrete Tilt-Up. Built in 1977
  • Current Tenants: FedEx, Inland 465, Rousseau Co., and XPO Logistics Freight with Three New Lease Renewals
  • Inland465 (Paper Company) has occupied their leased space in the building for 20+ years
  • Attractive low entry basis, below replacement value
  • 34 Dock Doors, 2 Grade Doors, 25' Clear height, Wet Sprinklered

OVERVIEW

This offering presents investors and owner-users with an asset that is near stabilized, while also providing immediate upside through lease-up of the remaining vacancy. Multi-tenant industrial distribution building located at Port Drive in the Port of Clarkston, WA. The property offers efficient access to regional highways and proximity to Lewiston, Idaho. Constructed in 1977, the concrete tilt-up building sits on 5.21 acres of deeded land adjacent to the Port. The building contains a net rentable area of 67,853 SF with a 65,472 SF footprint (528’ x 124’), 25-foot clear height, and circulation throughout the site. The roof is supported by wood glu-lam beams with a membrane-covered plywood deck. The property is currently 82.5% occupied, with six separate suite entrances, two main office areas, and common area restrooms. Existing tenants with office include Rousseau (4,762 SF two-level office) and FedEx (960 SF office). Office finishes are of standard quality with drywall, suspended ceilings, electric HVAC, and carpet/tile flooring. The warehouse is configured for distribution use with 34 dock-high loading doors along the rear, two large overhead drive-in doors at each end, and wet sprinkler coverage. Interior improvements include two non-load bearing demising walls with openings for drive-through circulation. The warehouse areas are unheated and uninsulated.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

7.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

25 Ft

DOCKS

34

DRIVE INS

2

PARKING SPACES

28

LAND DETAILS

LAND ACRES

5.21

LAND SF

226,948

ZONING

HI

APN/PARCEL ID

1-132-00-012-0003-0000

ASK ABOUT THIS PROPERTY

Guy ByrdSVN CornerstoneMore Info
509-321-2000

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Guy ByrdSVN CornerstoneMore Info
509-321-2000

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