1913-1957 Fescue St - Warehouse FOR SALE


Albany, OR 97322
$3,525,000 USD
503-588-4146
1913-1957 Fescue St, Albany, OR for Sale
$3,525,000 USD
Warehouse - FOR SALE
1/14
null | 6.7% Cap Rate

1913-1957 Fescue St
Albany, OR 97322


HIGHLIGHTS

  • Long-term NNN lease at closing*
  • 25-year tenant in the building
  • Outstanding cap rate at fair market rent

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,525,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

8

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.94

LAND SF

40,918

ZONING

LI

APN/PARCEL ID

0683496,0683504

ASK ABOUT THIS PROPERTY

Curt Arthur, SIORSVN | Commercial Advisors, LLCMore Info
503-588-4146

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

Curt Arthur, SIORSVN | Commercial Advisors, LLCMore Info
503-588-4146

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