316 Antelope Dr, La Grande, OR 97850

Brand New Construction | Initial 10 Year Lease - Brand new construction using premium quality building materials. Offering features an initial 10-year lease term with two 5-year renewal options at fair market rate.

Attractive Return Fundamentals | 7.6% Average Blended CAP - At an attractive 7.6% CAP Rate, this opportunity provides an investor with a long-term credit backed lease in a submarket lacking functional warehousing and distribution space. This facility boasts a functional layout with less than 1,000 SF of competing property currently available for lease in the submarket.

Location Highlights | Union County’s Largest City - La Grande serves as the commercial and retail hub for Northeast Oregon and is home to Eastern Oregon University. Interstate 84 and the Union Pacific Railroad connect La Grande with markets and ports all through the Western United States.

Critical Location | Last Mile Distribution - The subject property operates as a last mile distribution facility for Frito-Lay and was chosen as part of an initiative to revamp and create greater efficiencies within their distribution network. The 5,200 SF building is part of Frito Lay’s recent initiative to invest in their real estate footprint with facilities that line key highway systems and serve grocers, convenience stores, and other food-related retailers spread throughout the surrounding area.