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27210185
27210208

893 Wilco Rd, Stayton, OR 97383

JH
OR OR 200107093
Legacy Real Estate
Listed by Legacy Real Estate
$1,950,000
242 days on market
Updated 9 days ago

893 Wilco Rd.

Details
APN 534162
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 18,240
Net Rentable (SqFt) 13,560
Units 2
NOI $146,714
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 7.00%
Pro-Forma NOI $147,021
Price per SqFt $107
Year Renovated 2022
Buildings 1
Stories 1
Acreage 1.300
Zoning IL
Investment Type Owner/User
Ceiling Height 23

Industrial | 18,240 SqFt

Marketing description

Owner/User Industrial or Investment Opportunity

Recently updated industrial building with owner occupy opportunity and additional lease income. 18,240 sqft building on 1.3 acres comprising 2 suites. 6 on-grade roll-up doors. 480V 250 amp 3 phase power. LED lighting. Clear span truss building with approx 23' ceiling heights. Corner location with great access and visibility. Zoned Light Industrial, supporting a wide variety of uses. Existing metal fabrication business and equipment also for sale but not included in list price.

Remodeled offices and ADA bathrooms. Upgraded power to the building. Fenced yard space and covered storage area. New horizontal steel panels installed on the upper portion of the building. New hardware on all roof and vertical steel panels. Concrete pad added to the west side of property for laser gas tanks. Suite 1 is approx 13,560 sqft and tenant occupied space is 4500 sqft. New office suite with reception, three private offices, restroom and breakroom. All piping, fixtures, and hotwater tank are new. The office suites are served by a new mini-split heat pump system with a heat recovery ventilation system. Shop space has a new high volume ceiling fan and three new 11,000 CFM exhaust fans. Adjustable zonal lighting. Automatic roll-up door openers added to 3 of the bay doors. Compressed air lines with takeoffs around the perimeter of the space. Rental unit includes a new office and ADA restroom. All piping, fixtures and water heater are new. The office suite is served by a new mini-split heat pump system with a heat recovery ventilation system. The shop space has an added natural gas heat unit and a new 11,000 CFM exhaust fan. Mezzanine storage available on both units. Opportunity for entrepreneur buyer to grow an established business with the security of a real estate backed purchase plus equipment, existing customer base, and supply inventories.

Investment highlights

Recent Building Improvements:

  • 480V 250 Amp 3 Phase Power

  • On Grade Roll-Up Doors (x6)

  • Remodeled Office Mini-Split

  • LED Lighting

  • 23’ Clear Span Ceiling Height

  • 15’ 5” Crane

  • Fenced / Open Yard & Parking

  • Additional Storage

Business Highlights:

  • Business purchase price: $560,000

  • Metal fabrication shop specializing in custom metal parts and assemblies for various industries.

  • Turn-key operation with repeat clientele and key staff (including an operations manager) willing to to stay on board.

  • 8-year average growth sales of $1,400,000 with nearly $2,000,000 in sales in 2022.

  • Equipment & supplies valued at $300,000.

  • Equipped with lasers, CNC lathes, mills, TIG/MIG welders, shears & more.

  • Includes air compressors, zonal lighting, and compressed air lines.

  • Dedicated concrete pad for laser gas tank storage.

Listing Contacts

JH
OR OR 200107093
Legacy Real Estate
Listed by Legacy Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,714.00
$12,226.17/mo

Valuation Metrics

0
DSCR
7.52%
Cap Rate
7.52%
ROI

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Additional Information

Name
James Hauge
License
OR 200107093
Brokerage
Legacy Real Estate
Title
President / Principal Broker
Brokerage Address
1130 Liberty Street Northeast
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