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30939603
30939621

15205 SW Arrow St, Sherwood, OR 97140

RK
OR OR 201222799, WA 140777
Tradition Real Estate Partners
AN
OR OR 201208908
Tradition Real Estate Partners
Listed by Tradition Real Estate Partners
$7,000,000
77 days on market
Updated 76 days ago

15205 SW Arrow St

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 18,141
Cap Rate 5.50%
NOI $384,954
Occupancy 100%
Tenancy Multi
Lease Type Absolute NNN
Price per SqFt $386
Acreage 0.920
Zoning LI
Parking Spaces 40 spaces
Parking Per SqFt 2.20
Investment Type Net Lease
Ceiling Height 35'11"

ABSOLUTE NNN LEASE . 5.50% CAP . 2023 Construction . Tenants will sign new 5yr term

Marketing description

ABSOLUTE NET INVESTMENT - The tenant is the original developer and builder of the facility, representing a rare level of tenant commitment and long-term operational investment in the property.

15205 SW Arrow Street presents an opportunity to acquire a newly constructed, stabilized industrial investment in the highly desirable Sherwood industrial submarket. Completed in 2023 and now fully occupied by the ownership group operating their business from the facility, the property is being offered as an Absolute Net investment, providing investors with predictable passive income and minimal landlord responsibilities.

Lease Structure - The current tenant has successfully operated their business from the property since the building’s completion and has demonstrated the ability to support all operating expenses under the Absolute Net structure. Although the existing lease has approximately three years remaining, the tenant (who is also the current ownership group) has agreed to execute a new five-year lease at closing with two additional five-year renewal options, providing the purchaser with a renewed lease horizon and long-term occupancy stability.

The building totals 18,141 square feet, consisting of approximately 10,837 SF of modern office and 7,304 SF of warehouse space, situated on 0.92 acres with 40 on-site parking spaces. The facility features high-end steel construction, modern architectural design, and a highly functional industrial layout.

With strong in-place income of approximately $384,954 annually, the offering represents a ~5.50% capitalization rate on a brand-new building with significant remaining lease term and contractual rent increases.

This investment provides a rare opportunity to acquire new-generation industrial product with stabilized occupancy, passive income, and minimal management requirements in one of the Portland metro area’s strongest industrial markets.

Situated in the thriving Portland market, the area surrounding the property is known for its robust industrial, warehouse, and distribution landscape. Portland offers access to exceptional transportation infrastructure, including major highways and a well-connected rail network, facilitating seamless distribution and logistics operations. With a strong and diverse labor pool, the area provides ample employment opportunities to support industrial endeavors. Nearby points of interest include major transportation hubs, distribution centers, and industrial parks, showcasing the strategic importance of this location for businesses looking to expand or establish a presence in the Portland market.


Investment highlights

  • Absolute Net (NNN) Lease Structure – tenant responsible for operating expenses
  • Stabilized Income – approximately $384,954 annual NOI
  • New 5-Year Lease Executed at Closing - The tenant has agreed to execute a new five-year lease at closing with two additional five-year options to renew, providing the buyer with a fresh lease term and long-term income potential.
  • 5.50% Pro-Forma Cap Rate on new construction
  • Newly Completed Industrial Facility with modern design and construction
  • 18,141 SF Total Building Area
  • 10,837 SF Office | 7,304 SF Warehouse
  • 0.92 Acre Site with 40 Parking Spaces
  • High-Quality Steel Construction with premium standing seam roof
  • 35'11" Clear Height with four roll-up doors
  • 100kW Solar Array reducing operating costs
  • • 3-Phase 600A 480/277 Power
  • • Located in the Sherwood industrial corridor, one of Portland’s fastest growing employment areas

Listing Contacts

RK
OR OR 201222799, WA 140777
Tradition Real Estate Partners
AN
OR OR 201208908
Tradition Real Estate Partners
Listed by Tradition Real Estate Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$384,954.00
$32,079.50/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Rich Karlson
License
OR 201222799
Brokerage
Tradition Real Estate Partners
Brokerage Phone
503-804-4653
Title
Partner/Owner/Advisor
Name
AJ Nash
License
OR 201208908
Brokerage Phone
503-559-9279
Brokerage Address
4880 Turner Road Southeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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