2803 NE Orchard Ave - Warehouse FOR SALE


Mcminnville, OR 97128
$13,787,000 USD
503-227-2500
2803 NE Orchard Ave, Mcminnville, OR for Sale
$13,787,000 USD
Warehouse - FOR SALE
1/6
null | 7.5% Cap Rate

2803 NE Orchard Ave
Mcminnville, OR 97128


HIGHLIGHTS

  • Rent Escalations: 3% Annual Increases
  • Large Industrial facility in the heat of Oregon's Wine Country
  • Storage and shipping capacity for approx. 700,000 cases of wine

OVERVIEW

Large glycol system climate controlled warehouse on a 13+ acre site with room for expansion. The rail served property was built in phases with varied clear heights, the latest phase was 60,000 SF built in 2008. The property is perfectly situated in the heart of Oregon's one-billion-dollar wine industry. It is 45 minutes south of Portland and one of Oregon's most livable communities, a central location for all of the region's vineyards. TENANT INFORMATION Wineshipping.com LLC occupies the entire facility and currently provides bonded wine storage and shipping services for approximately 700,000 cases of wine. Wineshipping.com is the highest volume shipper of wine in the US and their network of warehouses provides over 99% consumer reach within two days or less.

FOR SALE DETAILS

PRICE

$13,787,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wine Shipping Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

8

DRIVE INS

4

PARKING SPACES

66

LAND DETAILS

LAND ACRES

12.75

LAND SF

555,390

ZONING

M-2

APN/PARCEL ID

128659

ASK ABOUT THIS PROPERTY

Stu Peterson, SIORMacadam Forbes, Inc.More Info
503-227-2500

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Stu Peterson, SIORMacadam Forbes, Inc.More Info
503-227-2500

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