Listed by NAI Cascade Commercial Real Estate Services, Worldwide
$1,300,000
723 Curtis Ct (Business Listed Separately)
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 6,616
Net Rentable (SqFt) 6,616
Occupancy 100%
Tenancy Multi
Price per SqFt $196
Year Built 1995
Year Renovated 2008
Buildings 1
Acreage 0.550
Zoning IL
Ground Lease No
Owner-User Light Industrial + Additional Rental Income
Marketing description
A rare opportunity for an owner-user or investor seeking in-place income and strong logistical access in the growing Central Oregon industrial market.
The property offers functional industrial infrastructure with multiple grade-level roll-up doors, paved parking and staging areas, and flexible yard space for equipment or outdoor storage. Located just off the Barclay Drive truck bypass and less than 0.5 miles from the Highway 20 roundabout, the site provides convenient access to Highway 20, Highway 22, and Highway 97.
INVESTMENT & OPERATIONAL HIGHLIGHTS
- Mix of month-to-month leases allows for future rent growth and operational flexibility
- Newly executed five-year lease with anchor tenant provides stable income
- Units have individual climate control
- Dedicated roll-up doors for loading and unloading
- Ample parking and outdoor storage capability
UTILITIES & INFRASTRUCTURE
- Multiple grade-level roll-up doors
- Paved lot for parking, staging, and equipment storage
- Public water and sewer (City of Sisters)
- Units A-C have 220V power. Unit D has 3-phase power.
Investment highlights
Located in the Sisters industrial district, this versatile multi-tenant property offers immediate stability with significant "value-add" potential. The facility is anchored by Solid Rock Granite on a new, 5-year, NNN lease, providing a reliable foundation.
Units A, B, and C are maintained on flexible month-to-month terms with three separate tenancies. This structure allows a new owner the immediate opportunity to "re-paper" these leases at current market NNN rates to capture unrealized value and with the potential to increase annual revenue by approximately $14,000+.
Ownership offers flexibility, with the asset available as a stabilized investment property. For a well-capitalized buyer, this represents a high-quality, low-volatility industrial hold in one of Central Oregon's most desirable sub-markets, featuring a clear and short-term path toward maximizing Net Operating Income.
Listing Contacts
Listed by NAI Cascade Commercial Real Estate Services, Worldwide
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