1370 Port Dr 67,853 SF 83% Leased Industrial Building Clarkston, WA 99403 $4,500,000 ($66.32/SF) 7.98% Cap Rate

This offering presents investors and owner-users with an asset that is near stabilized, while also providing immediate upside through lease-up of the remaining vacancy. 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 82.5% 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.