Listed by Triple Oaks Realty
$1,200,000
Cross Street Park
Details
APN 216391185
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 11,430
Net Rentable (SqFt) 11,430
Units 3
Cap Rate 3.1%
NOI $37,200
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 9.7
Lease Expiration 04/01/2025
Rent Bumps No
Pro-Forma Cap Rate 6.8%
Pro-Forma NOI $81,600
Price per SqFt $105
Broker Co-Op Yes
Class C
Year Built 1980
Year Renovated 1990
Buildings 1
Stories 2
Acreage 0.550
Zoning I-3
Parking Spaces 12 spaces
Parking Per SqFt 1.05
Investment Type Owner/User
Tenant Credit No Credit Rating
Lease Commencement 08/01/2015
Occupancy Date 05/01/2025
Ground Lease No
Ceiling Height 22
Industrial Warehouse & Office Use | Heavy Industrial Zoning | 11,430 SF. $105/sq ft
Marketing description
Industrial property in W. Eugene. Large warehouse use and office space with mezzanine. Excellent owner-user opportunity for storage, distribution, truck repair, or a multiple of other heavy industrial uses. Fenced yard with security system in place. Wood frame construction with high ceiling, heavy power, and turnaround space in yard. Multiple roll-up doors for access to separate areas of building. Office units with bathrooms. Seller may consider sale lease-back or a portion of the warehouse space.
Investment highlights
Current tenant is month to month with 30-day notice to vacate.
Owner may consider partial (5000 sq ft) Lease Back at market rates.
Listing Contacts
Listed by Triple Oaks Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,200.00
$3,100.00/mo
Valuation Metrics
0
DSCR
3.1%
Cap Rate
3.1%
ROI
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