Clarkston Industrial Park
$4,500,000
1370 Port Dr, Clarkston, WA 99403
8.09
Cap Rate
364,030.8
NOI
Details:
Highlights:
- Concrete Tilt-Up. Built in 1977
- Current Tenants: FedEx, Inland 465, Rousseau Co., and XPO Logistics Freight
- Repositioning opportunities with shorter term leases
- Attractive low entry basis, below replacement value. New membrane roof (2010) & Exterior paint (2021)
- 34 Dock Doors, 2 Grade Doors, 25' Clear height, Wet Sprinklered
- 62,131 ± SF of Distribution/Warehouse space
- 5,722 ± SF of Office space (8.43%)
Description:
Multi-tenant industrial distribution building located at Port Drive in the Port of Clarkston, WA. The property offers efficient access to regional highways and proximity to Lewiston, Idaho. Constructed in 1977, the concrete tilt-up building sits on 5.21 acres of deeded land adjacent to the Port.
The building contains a net rentable area of 67,853 SF with a 65,472 SF footprint (528’ x 124’), 25-foot clear height, and circulation throughout the site. The roof is supported by wood glu-lam beams with a membrane-covered plywood deck.
The property is currently 70% occupied, with six separate suite entrances, two main office areas, and common area restrooms. Existing tenants with office include Rousseau (4,762 SF two-level office) and FedEx (960 SF office). Office finishes are of standard quality with drywall, suspended ceilings, electric HVAC, and carpet/tile flooring.
The warehouse is configured for distribution use with 34 dock-high loading doors along the rear, two large overhead drive-in doors at each end, and wet sprinkler coverage. Interior improvements include two non-load bearing demising walls with openings for drive-through circulation. The warehouse areas are unheated and uninsulated.
This offering presents investors and owner-users with an asset that is partially stabilized, while also providing immediate upside through lease-up of the remaining vacancy.
Located on the corner of Port Drive and 14th St in Clarkston, WA
Wet System
Documents:
Location
Gallery
