18 Year Absolute Net Lease - IND & IOS Industrial FOR SALE


Junction City, OR
$5,750,000 USD
858-373-3176
, Junction City, OR for Sale
$5,750,000 USD
Industrial - FOR SALE
1/17
null | 6.3% Cap Rate

18 Year Absolute Net Lease - IND & IOS
Junction City, OR


HIGHLIGHTS

  • Single Tenant Industrial/IOS Portfolio located in Junction City, OR
  • 18 Years Remaining on 25 Year, Absolute Net Lease with 2, 5-Year Options to Extend Lease
  • Doman Lumber Purchased Oregon Cascade Building Materials in 2018 Doman Lumber – $2.45B in Revenue in 2023 (Canadian)
  • 10 Separate Buildings, 13.5 AC with 6 AC of dedicated IOS
  • Priced Below Replacement Costs - Cheapest Rent in Comp Set
  • Tenant Investment - Tenant Just Replaced 24,112 SF Roof on Mill Building ($250,000)

OVERVIEW

Marcus & Millichap is pleased to present the Doman Industrial and IOS portfolio in Junction City, OR, part of the Eugene/Lane County submarket. The offering is home to a 10-building portfolio, with 13.5 AC of land, currently being leased to Doman Building Materials on a 25-year, Absolute Net lease, with 18 years remaining. In 2018, Doman purchased Oregon Cascade Building Materials, who had been operating out of this location for 20 years, as a strategic piece of its West Coast expansion. Since the purchase, Doman has added 4 more locations in the Pacific Northwest, showing its commitment to the area.

ASK ABOUT THIS PROPERTY

Ben TashakorianMarcus & MillichapMore Info
858-373-3176

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Ben TashakorianMarcus & MillichapMore Info
858-373-3176

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