NET LEASED INVESTMENT 6.50% CAP RATE

-NEW NET LEASED INVESTMENT OPPORTUNITY WITH A SOLID 6.50% CAP RATE!
-New Sales Listing Price: $6,350,100
-NOI: $412,800 ($34,400/per Month) NNN
-100% True Triple Net (NNN) Lease with $1 Billion Dollar Gold-Plate Company
-Leased to DS Services of America, dba; Primo Water/Sierra with 2023 gross annual sales in the $1 Billion Dollar range, Primo Water is one of North America’s largest bottled water companies
-Remaining Term on Lease 6/20/2029
-Three (3%) Annual Escalations

Let’s talk about this extraordinary Industrial facility- Construction is pre-engineered steel building with a metal roof. The facility was upgraded in 2015 and again in 2021: Total of four (4) Dock High Bays with auto levelers and PVC Dock Seals on the north end of the building. The entire facility is sprinkled with a wet fire suppression system. Electrical Service is 480 Volt, 3-Phase, power rated for 1,000 amps. The free span of the building is 100′ x 300′. The Clear Height of the building is 14′ at the eve and 17 and one/half feet at the inside of the roof girder. The inside height to the roof is 19′. Lighting was upgraded with Energy Trust of Oregon to high-pressure T-8 four bulb dormers with motion sensors. The facility includes 66,000+/-SF of warehouse, 3700+/-SF offices, exe office, conference room, breakroom and 2640+/-SF dock high bays. Racking equipment may be included in the sale or sold as personal property outside the close of escrow. The facility is fully sprinkled warehouse, offices and breakroom. The system is a fully charged wet fire suppression system. The mechanical room was upgraded with redundant high-pressure air compressors. There are multiple man doors, 4 dock-high enclosed bays, multiple restrooms separated for the warehouse and office employees. 66,000+/- Upgraded Industrial Facility on 6.8+/- M-1 Zoned Acres, just 18 miles north of Redmond, OR, just off Highway 97 /Highway 26 a major truck route an alternative to I-5 corridor. Highway 97 is described as Oregon’s most important highway east of the Cascades.

Property Details