Listed by Windermere Real Estate/Lane County
$569,000
29850 Kelso Lane
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 287
Cap Rate 8.62%
Lease Expiration 03/30/2030
Year Built 1997
Acreage 1.150
Zoning light industrial (I-2)
Industrial | 8.62% CAP | 287 SqFt
Investment highlights
- Net lease investment. No landlord responsibilities.
- Tenant is in second lease renewal. ~4 years left.
- Established business, locally owned.
- 1.15 acres. Zoned light industrial (I-2)
- Manufacture home, shop and out buildings.
- Leased to Lead Foot Recovery.
- Family owned business.
- Tenant since 2020.
- Second lease extension through 3/31/2030.
- Current annual base rent of $49,416.
- ~2.75% annual base rent increases.
- Lease personally guaranteed.
- No landlord responsibilities.
- One option to extend by 5 year term. Market rate increase with a base of 2.75%.
- Mix of buildings totaling 2,87 square feet.
- Zoned light industrial (I2).
- 1.15 acres. Fully fenced.
- Manufactured home was built in 1997.
Listing Contacts
Listed by Windermere Real Estate/Lane County
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
