Kammerer Industrial Park
Industrial Complex near Corvallis Oregon
Marketing description
Rare industrial complex featuring 10 buildings, 1 residence and storage facility, located outside city limits, sitting on 22 acres. Approximately 4 acres zoned Rural Industrial with 18 acres zoned EFU. Long term tenants keep the units full. Plenty of room to expand (buyer to perform due diligence with county for approval). This property is located outside of city limits which means low taxes (no city taxes), water is supplied by 2 wells and bathrooms are served by septic systems. Being outside of city limits helps keep the operating expenses low! 240 and 440 3 phase power present.
Leases vary in terms and details but average about $1.25 per square foot per month. Tenants are stable and most are long term, however, a long term tenant vacated several spaces. Currently there are 6 spaces vacant. We will update as those fill. Rents increase annually. Proforma income calculated at $1.00 per foot ($12/ft annually), 5% vacancy rating and 8% management fee.
Seller carry financing available and terms are negotiable. Seller is motivated and willing to carry at lower than market terms and rates.
Investment highlights
Seller carry financing available with negotiable terms below market however, seller will not subordinate the note to another loan.
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