Industrial Property Sale or Lease
High Power Capacity
Marketing description
The property is currently leased on an NNN basis at $5,000 per month, with approximately 14 months remaining. The lease is below market, the tenant is willing to vacate if a new user is secured, allowing flexibility for an owner-user or new tenant. Lease rates are approximately $0.65 per square foot for the industrial space, or $0.72 per square foot when including the residential component. A key highlight is the property’s significant electrical capacity, featuring 800 amps of 480-volt power and an additional 300 amps of 240-volt service, ideal for power intensive users. The site is serviced by both well and city water. Additionally, the property includes a 1,100 square foot, three-bedroom, two-bath home currently leased at $900 per month to a long-term tenant, providing supplemental income or potential on-site housing. Ownership is also open to seller financing with a significant down payment and a five-year balloon, offering added flexibility for acquisition.
Investment highlights
- 3 Phase - 480v and 300 amps of 240v
- Off of US Hwy 30 just three miles south of I-84
- 1,100 sq ft 3 bed, 2 bat h home currently leasing for $900 month to same tenant for over five years; suitable for on-site manager housing or owner residence
- 14 months left on industrial NNN lease at $5,000 per month (well below market). Lessee will move out if new tenant is found
- Owner willing to hold note with significant down payment and 5 yr balloon
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