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1415 SE Holman Ave

54,335 SF Industrial Building Dallas, OR 97338 $2,488,500 CAD ($46 CAD/SF) 11.52% Cap Rate

Investment Highlights

  • Single-Tenant
  • Possibility that the Owner would look at a sale with a lease back.
  • For Sale at $33 SF and a 10% cap rate

Executive Summary

PRICE REDUCED: This is a hard-to-find, 7-building sawmill with a lumber yard used for the finishing of specialty wood products. The 7 buildings are on a 3.85-acre parcel and could be easily converted for other uses. The original construction of these warehouses was in the 1890s with additions in the 1990s. The northernmost portion formerly had rail service and is currently used as the glue room with specialized ventilation. The Eastern area of the property is a 60' x 300' vacant lot that can be developed or used for truck and trailer parking as well as a turn-a-round for large rigs. Main Warehouse (Bldg 1) has four grade-level doors with 20' clear height ceilings and 37,160 SF The balance of the building ranges in size from 4,350 SF to 1,728 SF

Property Facts Under Contract

Price $2,488,500 CAD
Price Per SF $46 CAD
Sale Type Investment
Cap Rate 11.52%
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Industrial Service
Building Class C
Lot Size 3.85 AC
Rentable Building Area 54,335 SF
No. Stories 1
Year Built 1890
Tenancy Single
Parking Ratio 0.04/1,000 SF

Amenities

  • 24 Hour Access

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
575063
Land Assessment
$0 CAD
Improvements Assessment
$1,462,524 CAD
Total Assessment
$1,462,524 CAD

zoning

Zoning Code I (Industrial)
I (Industrial)
  • Listing ID: 27365052

  • Date on Market: 2022-12-21

  • Last Updated:

  • Address: 1415 SE Holman Ave, Dallas, OR 97338

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