18 Year Absolute Net Lease - IND & IOS 2 Industrial Properties Offered at $5,750,000 in Junction City, OR
INVESTMENT HIGHLIGHTS
- Single Tenant Industrial/IOS Portfolio located in Junction City, OR
- Doman Lumber Purchased Oregon Cascade Building Materials in 2018 Doman Lumber – $2.45B in Revenue in 2023 (Canadian)
- Priced Below Replacement Costs - Cheapest Rent in Comp Set
- 18 Years Remaining on 25 Year, Absolute Net Lease with 2, 5-Year Options to Extend Lease
- 10 Separate Buildings, 13.5 AC with 6 AC of dedicated IOS
- Tenant Investment - Tenant Just Replaced 24,112 SF Roof on Mill Building ($250,000)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the Doman Industrial and IOS portfolio in Junction City, OR, part of the Eugene/Lane County submarket. The offering is home to a 10-building portfolio, with 13.5 AC of land, currently being leased to Doman Building Materials on a 25-year, Absolute Net lease, with 18 years remaining. In 2018, Doman purchased Oregon Cascade Building Materials, who had been operating out of this location for 20 years, as a strategic piece of its West Coast expansion. Since the purchase, Doman has added 4 more locations in the Pacific Northwest, showing its commitment to the area.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $5,750,000 |
| Price / SF | $89.69 / SF |
| Cap Rate | 6.30% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 64,112 SF |
| Total Land Area | 12.23 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 93495 Highway 99, Junction City, OR 97448 | Industrial | 40,000 SF | 1968 | - |
| 93495 Highway 99, Junction City, OR 97448 | Industrial | 24,112 SF | 1969 | - |
