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26712097

306 C St, Phoenix, OR 97535

CC
OR 200502281
Merit Commercial Real Estate
Listed by Merit Commercial Real Estate
$2,500,000
289 days on market
Updated 54 days ago

NNN Leased 33,275 Sf. Industrial Facility

Details
APN 10731095
Property Type Industrial
Sub Type Warehouse
Square Footage 33,275
Net Rentable (SqFt) 33,275
Cap Rate 7.2%
NOI $180,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 05/31/2030
Remaining Term 4
Rent Bumps Yes
Price per SqFt $75
Broker Co-Op Yes
Class C
Buildings 4
Acreage 2.130
Zoning General Industrial
Investment Type Net Lease
Lease Commencement 06/01/2025
Occupancy Date 06/01/2025
Ceiling Height Varies
Loading Docks 2
Dock High Doors 2
Ownership Lesley Properties, LLC

Industrial | 7.20% CAP | 33,275 SqFt

Marketing description

Single Tenant NNN Leased Approx. 33,275 Sf. Industrial Facility located in the heart of Phoenix, Oregon. The property is leased for $15,000 per month NNN on a 5 year term with 3% Annual increases to a strong regional transportation tenant. The Lease expires May 31, 2030. Amenities include fire suppression sprinklers, dock high and grade loading, two office buildings, and heavy power. Approx. building dimensions are as follows: 4,080 Sf. of Office Space (Two Buildings); 23,635 Sf. of sprinkled industrial space (Three Buildings); 5,560 Sf. of covered space (much of it sprinkled); Notice: No warranty or representation, express or implied, is made as to the accuracy of the information contained herein; all information contained herein is subject to change, errors, and is subject to your independent verification.

Listing Contacts

CC
OR 200502281
Merit Commercial Real Estate
Listed by Merit Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
7.2%
Cap Rate
7.2%
ROI

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