Multi-Tenant Industrial Investment
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Multi-Tenant Industrial Investment
2 Industrial Properties Offered at $3,685,292 CAD in Florence, OR
Investment Highlights
- 91.7% Occupancy
- Grade Doors: 12 (12'-14')
- Clear Height: 18'-22'
- Power: 3-Phase
Executive Summary
Macadam Forbes is excited to offer a multi-tenant industrial investment located at1725-1735 Kingwood Street, Florence for sale. This unique investment opportunity is comprised of 2 clear span metal buildings, situated on just under 1 acre, located in the center of Florence's industrial district, and is 91.7% occupied.
The 20,982 SF of rentable building area includes 9,342 SF at 1725 Kingwood(Building 1) and 11,640 SF at 1735 Kingwood (Building 2). There are 12 separate units throughout both buildings; Building 1 has 5 suites and building 2 has 7suites. Each unit has its own 12' x 14' grade level door, bathroom, a mix of warehouse and office space (Unit 1735D has no office), and is separately metered for utilities.
With virtually no vacancies in the Florence industrial market, the demand for small-bay industrial space in this area is consistently high. This is a rare opportunity to acquire a well-maintained asset that offers stability, and provides a major value-add opportunity almost immediately.
The 20,982 SF of rentable building area includes 9,342 SF at 1725 Kingwood(Building 1) and 11,640 SF at 1735 Kingwood (Building 2). There are 12 separate units throughout both buildings; Building 1 has 5 suites and building 2 has 7suites. Each unit has its own 12' x 14' grade level door, bathroom, a mix of warehouse and office space (Unit 1735D has no office), and is separately metered for utilities.
With virtually no vacancies in the Florence industrial market, the demand for small-bay industrial space in this area is consistently high. This is a rare opportunity to acquire a well-maintained asset that offers stability, and provides a major value-add opportunity almost immediately.
Property Facts
| Price | $3,685,292 CAD | Number of Properties | 2 |
| Price / SF | $175.64 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.13% | Total Building Size | 20,982 SF |
| Sale Type | Investment | Total Land Area | 1.41 AC |
| Status | Active |
| Price | $3,685,292 CAD |
| Price / SF | $175.64 CAD / SF |
| Cap Rate | 6.13% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,982 SF |
| Total Land Area | 1.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1725 Kingwood St, Florence, OR 97439 | Industrial | 9,342 SF | 2001 | - |
| 1735 Kingwood St, Florence, OR 97439 | Industrial | 11,640 SF | 2001 | - |
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Zach Reichle -
Macadam Forbes, Inc.
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Multi-Tenant Industrial Investment
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