720 NE Granger Ave - Manufacturing FOR SALE


Corvallis, OR 97330
$5,500,000 USD
541-979-9929
720 NE Granger Ave, Corvallis, OR for Sale
$5,500,000 USD
Manufacturing - FOR SALE
1/76
null | 9.15% Cap Rate

720 NE Granger Ave
Corvallis, OR 97330


HIGHLIGHTS

  • ***OWNER WILL CARRY FINANCING AT BELOW MARKET RATES*** Negotiable terms
  • 10 units, 1 house (office), 1 manufactured home (residence) and 5 storage units.
  • Served by wells and septic systems. Located in the county. No city taxes.
  • 3 phase power.
  • 22.4 acres- 4 zoned Rural Industrial and 18 zoned EFU.
  • Extremely stable tenant base. Vacancy loss has not been incurred in years.

OVERVIEW

Owner will carry financing and terms are negotiable. Seller will not subordinate the note to another loan though (must be in first position). Seller is currently occupying 5250 square feet and would leaseback on that space. Two other vacant spaces but all others are full. Numbers on proforma reflect park at full occupancy and a gross income of $568,740 which represents 37,916 square feet rented at $1.25 per foot per month ($15 per square foot annually).

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

9.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kammerer Industrial Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

UTILITIES

Water - Well, Sewer - Septic Field

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

22.4

LAND SF

975,744

ZONING

RI and EFU

APN/PARCEL ID

042840

ASK ABOUT THIS PROPERTY

Brian WeinholdVanguard Realty GroupMore Info
541-979-9929

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Brian WeinholdVanguard Realty GroupMore Info
541-979-9929

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