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975 & 1001 SW 1st Street 1001 SW 1st St 20,231 SF Industrial Building Redmond, OR 97756 $3,200,000 ($158.17/SF)
Investment Highlights
- Rare Find
- Industrial NNN Investment Property
Executive Summary
This offering consists of 2 parcels. 1001 SW 1st Street has a single tenant on a NNN lease in 20,231 SF on 1.89 acres. 975 SW 1st St is a vacant industrial lot consisting of .66 acres. The current tenant has been at the same location for over 12 years. Construction is pre-engineered steel building with a metal roof on approximately one-half of the building with open work spaces and separate offices. The entire facility is sprinkled with a fully charged dry style fire suppression system. Electrical is 480 volt, 3-phase, power rated for 1200 amp. The lighting was updated with energy trust of Oregon to LED office lighting and duel essence LED T-8 Universal low Voltage light in the warehouse area. There are several grade level roll up doors and multiple restrooms. Property also features a large paved parking lot. Call to schedule a tour.
Property Facts
| Price | $3,200,000 | No. Stories | 1 |
| Price Per SF | $158.17 | Year Built/Renovated | 1974/1989 |
| Sale Type | Investment NNN | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.38/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 2.55 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 20,231 SF | ||
| Zoning | M2 - Approximately 20,231 SF industrial building on 1.89 acres plus the adjacent .66 acre lot included (2.55 Ac. Total). | ||
| Price | $3,200,000 |
| Price Per SF | $158.17 |
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.55 AC |
| Rentable Building Area | 20,231 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/1989 |
| Tenancy | Single |
| Parking Ratio | 1.38/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | M2 - Approximately 20,231 SF industrial building on 1.89 acres plus the adjacent .66 acre lot included (2.55 Ac. Total). |
Amenities
- Fenced Lot
- Security System
- Skylights
- Waterfront
- Yard
- Reception
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $103,450 | Total Assessment | $987,460 |
Property Taxes
Parcel Numbers
Land Assessment
$103,450
Improvements Assessment
$0
Total Assessment
$987,460
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975 & 1001 SW 1st Street | 1001 SW 1st St
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