2500 Industrial Ave - Warehouse FOR SALE


Hubbard, OR 97032
$6,000,000 USD
914-400-4453
2500 Industrial Ave, Hubbard, OR for Sale
$6,000,000 USD
Warehouse - FOR SALE
1/4
null | 6.79% Cap Rate

2500 Industrial Ave
Hubbard, OR 97032


HIGHLIGHTS

  • Covered Land Play Delivered with NNN Lease and Rare Zoning for Region
  • Ideal 1031 Exchange & Rare Acquisition Opportunity
  • Industry-Leading Tenant & Strength of Lease Guarantor
  • 18+ Year History as Crane Yard and IOS Use, Recently Acquired by Maxim
  • Premier Portland MSA Location & High Growth Market
  • Industrial Outdoor Storage Scarcity & High Barrier-to-Entry Market

OVERVIEW

Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% fee simple interest in the single-tenant industrial asset located at 2500 Industrial Avenue in Hubbard, Oregon (the “Property” or “Facility”). Fully leased to Maxim Crane Works L.P., the Property is positioned just 25 miles south of downtown Portland. Built in 1998 and operated as a crane facility since 2002, the site comprises a ±10,000 SF building on ±7.1 acres with space dedicated to office and crane service and storage. The building offers attractive, durable concrete construction with a long useful life and strong residual value and is adjacent to State Highway OR-99E and Interstate 5, both of which lead directly to downtown Portland. A newly acquired facility for Maxim Crane Works, the Property is operating under a long-term NNN lease with aggressive 2.50% annual rent increases throughout both the base term and each of two, ten-year option periods. Maxim Crane Works is the largest coast-to-coast provider of comprehensive lifting services in the United States and one of the largest lifting solutions businesses in North America. Along with its affiliated companies, Maxim serves more than 10,000 customers through its fleet of over 2,600 cranes and 56+ branches. Its parent, Maxim Crane Works Holdings Capital, LLC, which fully guarantees the lease, reports annual revenue approaching $1.0 billion.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

6.79%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maxim Crane Works

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

50

LAND DETAILS

LAND ACRES

7.1

LAND SF

309,276

ZONING

I

APN/PARCEL ID

599775,599776

ASK ABOUT THIS PROPERTY

Nolan DunnNorthmarqMore Info
914-400-4453

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Nolan DunnNorthmarqMore Info
914-400-4453

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