Component Systems - Market Analysis
$3,525,000
1913-1957 Fescue St SE, Albany, OR 97322
6.7
Cap Rate
237,000
NOI
Details:
Highlights:
- Long-term NNN lease at closing*
- 25-year tenant in the building
- Outstanding cap rate at fair market rent
Description:
This Class A light industrial building has been occupied by the same tenant for close to 25 years and is an outstanding investment opportunity. The building is approximately 65% warehouse and 35% office space and is in outstanding condition throughout. The current rent is well under fair market value. The tenant is prepared to sign a long-term lease extension at closing at a starting rate of $.815 per square foot per month, triple net*. This is a blended rent considering the office and the warehouse space and is equal to or less than our estimate of fair market rent. The subject property is visible to Interstate 5 and less than 1/2 mile from the Highway 20 interchange.
* Please inquire with the listing agent for details on the future lease.
Less than 1/2 mile from an I-5 interchange, the Fescue/Rye Street corridors comprise several light-manufacturing businesses.
Documents:
| Title | ||
|---|---|---|
| 1913-1957_Fescue_St_SE_Albany_Brochure_3-27-25.pdf |
Location
