This is an exceptional opportunity to acquire a 100% leased, single-tenant NNN investment, offering stable income with minimal landlord responsibilities. Priced significantly below replacement cost, this asset features a strong credit tenant, Willamette Valley Meat Company(WVM), founded in 1998.
Occupying a full city block totaling ±40,000 SF, the property is located in a rapidly redeveloping area, offering a modern concrete tilt-up construction that positions it well for both current performance and future upside potential.
The facility includes significant USDA food processing and cooler/freezer improvements, catering to the growing demand in the food industry. Additionally, the food industry’s resilience to short-term market fluctuations further enhances the property’s stability and long-term value.
The concrete industrial building on this property has more modern features than most of the competitive set in this submarket, including taller clear heights, dock loading doors. The property has been meticulously maintained in high-level condition as the owners of the property also owned the business. The building has a brand new 2024 installed roof, and other recent upgrades making the property in excellent condition with no deferred maintenance