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29004550
29004551

5885 - 5889 Crater Lake Hwy, Central Point, OR 97502

BM
OR 791100078
Windermere Van Vleet & Associates
Listed by Windermere Van Vleet & Associates
$5,400,000
167 days on market
Updated 64 days ago
Opportunity zone

Crater Lake Commercial Center Subdivision

Details
APN 10892774
Property Type Industrial, Mixed Use
Sub Type Distribution, Warehouse
Square Footage 40,672
Net Rentable (SqFt) 40,672
Units 5
Occupancy 81%
Tenancy Multi
Lease Type NN+
Rent Bumps Yes
Pro-Forma Cap Rate 5.78%
Pro-Forma NOI $311,949
Price per SqFt $133
Broker Co-Op Yes
Class A
Year Built 2001
Buildings 3
Stories 2
Acreage 4.920
Zoning I-L
Parking Spaces 79 spaces
Parking Per SqFt 1.94
Investment Type Net Lease
Occupancy Date 12/21/2025
Ceiling Height 19-23
Loading Docks 1
Dock High Doors 8
Ownership Surma Frank E Trust
Sale Condition 1031 exchange

Industrial | 40,672 SqFt

Marketing description

Attractive Multi-Tenant Industrial Development. Development has 5 separate tax lots, 3 with buildings and 2 are undeveloped and available for future development. Developed lots include buildings that are 9,672 sq.ft., 20,000 sq.ft. and 11,000 sq.ft. Current tenants range from distribution center, Athletic Sports Center and a church with leases that range from 1 to 3 years. Gross annual rental income is $358,711. The undeveloped lots front Crater Lake Hwy which provide great exposure to the highway traffic.

Investment highlights

The Industrial Development is located in the path of progress. It was developed with an attractive entrance being a tree lined private street to serve the 5 separate tax lots. Individual lot sizes range in sizes from .76 acre to 1.58 acres.

Listing Contacts

BM
OR 791100078
Windermere Van Vleet & Associates
Listed by Windermere Van Vleet & Associates

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