15205 SW Arrow St - Manufacturing FOR SALE


Sherwood, OR 97140- Sherwood/Tualatin North
$7,000,000 USD
503-804-4653
15205 SW Arrow St, Sherwood, OR for Sale
$7,000,000 USD
Manufacturing - FOR SALE
1/11
null | 5.5% Cap Rate

15205 SW Arrow St
Sherwood, OR 97140
Sherwood/Tualatin North


HIGHLIGHTS

  • Absolute Net (NNN) Lease Structure – tenant responsible for operating expenses
  • Stabilized Income – approximately $384,954 annual NOI
  • New 5-Year Lease Executed at Closing - The tenant has agreed to execute a new five-year lease at closing with two additional five-year options
  • 5.50% IN PLACE Cap Rate on new construction
  • Newly Completed Industrial Facility with modern design and construction, 100kW Solar Array reducing operating costs • 3-Phase 600A 480/277 Power
  • 18,141 SF Total Building Area 10,837 SF Office | 7,304 SF Warehouse 0.92 Acre Site with 40 Parking Spaces

OVERVIEW

ABSOLUTE NET INVESTMENT - The tenant is the original developer and builder of the facility, representing a rare level of tenant commitment and long-term operational investment in the property. 15205 SW Arrow Street presents an opportunity to acquire a newly constructed, stabilized industrial investment in the highly desirable Sherwood industrial submarket. Completed in 2023 and now fully occupied by the ownership group operating their business from the facility, the property is being offered as an Absolute Net investment, providing investors with predictable passive income and minimal landlord responsibilities. Lease Structure - The current tenant has successfully operated their business from the property since the building’s completion and has demonstrated the ability to support all operating expenses under the Absolute Net structure. Although the existing lease has approximately three years remaining, the tenant (who is also the current ownership group) has agreed to execute a new five-year lease at closing with two additional five-year renewal options, providing the purchaser with a renewed lease horizon and long-term occupancy stability. The building totals 18,141 square feet, consisting of approximately 10,837 SF of modern office and 7,304 SF of warehouse space, situated on 0.92 acres with 40 on-site parking spaces. The facility features high-end steel construction, modern architectural design, and a highly functional industrial layout. With strong in-place income of approximately $384,954 annually, the offering represents a ~5.50% capitalization rate on a brand-new building with significant remaining lease term and contractual rent increases. This investment provides a rare opportunity to acquire new-generation industrial product with stabilized occupancy, passive income, and minimal management requirements in one of the Portland metro area’s strongest industrial markets. Situated in the thriving Portland market, the area surrounding the property is known for its robust industrial, warehouse, and distribution landscape. Portland offers access to exceptional transportation infrastructure, including major highways and a well-connected rail network, facilitating seamless distribution and logistics operations. With a strong and diverse labor pool, the area provides ample employment opportunities to support industrial endeavors. Nearby points of interest include major transportation hubs, distribution centers, and industrial parks, showcasing the strategic importance of this location for businesses looking to expand or establish a presence in the Portland market.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ABSOLUTE NET INDUSTRIAL INVESTMENT

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

35.916666666666664 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.92

LAND SF

40,075

ZONING

LI

APN/PARCEL ID

R2151074

ASK ABOUT THIS PROPERTY

Rich KarlsonTradition Real Estate PartnersMore Info
503-804-4653

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Rich KarlsonTradition Real Estate PartnersMore Info
503-804-4653

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