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1918 Bobcat Way 10,000 SF 100% Leased Industrial Building White City, OR 97503 $1,570,000 ($157/SF) 7.96% Cap Rate
Executive Summary
Merit Commercial Real Estate is pleased to exclusively present 1918 Bobcat Way, a fully-leased income producing industrial asset located in White City, Oregon (the “Property”).
The Property is situated on a 1.00 acre parcel with an efficient layout suitable for industrial uses. The building totals 10,000 SF and includes an interior demising wall dividing the structure into two standalone 5,000 SF units. Unit 'A' - leased by Fastenal, a $40B+ publicly traded company - consists of a total of 5,000 SF including approx. 4,400 SF of warehouse space, and a 600 SF enclosed office space with kitchenette and private restroom. Unit 'B' - leased by CableCom, an established telecom infra contractor - includes the remaining 5,000 SF of building area and an additional fully fenced yard located on the southern end of the Property.
The building features a highly functional interior layout and is equipped with nearly brand new infrastructure, including 3-phase 400-amp power, (3) 14' × 12' overhead doors, two electric Daikin mini-split systems (one per unit, for offices), large gas heater in Unit A's warehouse, automated landscaping irrigation system, and a fully fenced rear yard.
The interior spaces both feature clear-span, 18.5' clear height warehouse spaces and a strong ratio of warehouse to office (12% and 22.5%, respectively).
The office space within both units enjoy a private restroom, efficient private and open working areas, kitchenette or similar, and easy access to the front entry door.
Built in 2022, the building is part of a well-known industrial area and is a well-maintained asset. The Property offers excellent access to major roadways throughout the Rogue Valley, including a ±9-minute/7.5-mile drive to Interstate-5 and a short ±3-minute drive to Highway 62. The opportunity at 1918 Bobcat Way is clear for prospective buyers looking for exposure to an fully leased, modern, right-sized industrial asset in a growing area. Buyer is responsible for all due diligence.
Contact the listing brokers today for additional information.
The Property is situated on a 1.00 acre parcel with an efficient layout suitable for industrial uses. The building totals 10,000 SF and includes an interior demising wall dividing the structure into two standalone 5,000 SF units. Unit 'A' - leased by Fastenal, a $40B+ publicly traded company - consists of a total of 5,000 SF including approx. 4,400 SF of warehouse space, and a 600 SF enclosed office space with kitchenette and private restroom. Unit 'B' - leased by CableCom, an established telecom infra contractor - includes the remaining 5,000 SF of building area and an additional fully fenced yard located on the southern end of the Property.
The building features a highly functional interior layout and is equipped with nearly brand new infrastructure, including 3-phase 400-amp power, (3) 14' × 12' overhead doors, two electric Daikin mini-split systems (one per unit, for offices), large gas heater in Unit A's warehouse, automated landscaping irrigation system, and a fully fenced rear yard.
The interior spaces both feature clear-span, 18.5' clear height warehouse spaces and a strong ratio of warehouse to office (12% and 22.5%, respectively).
The office space within both units enjoy a private restroom, efficient private and open working areas, kitchenette or similar, and easy access to the front entry door.
Built in 2022, the building is part of a well-known industrial area and is a well-maintained asset. The Property offers excellent access to major roadways throughout the Rogue Valley, including a ±9-minute/7.5-mile drive to Interstate-5 and a short ±3-minute drive to Highway 62. The opportunity at 1918 Bobcat Way is clear for prospective buyers looking for exposure to an fully leased, modern, right-sized industrial asset in a growing area. Buyer is responsible for all due diligence.
Contact the listing brokers today for additional information.
Property Facts
| Price | $1,570,000 | Rentable Building Area | 10,000 SF |
| Price Per SF | $157 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2022 |
| Cap Rate | 7.96% | Parking Ratio | 1.8/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18’6” |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.00 AC | ||
| Zoning | IG - General Industrial | ||
| Price | $1,570,000 |
| Price Per SF | $157 |
| Sale Type | Investment |
| Cap Rate | 7.96% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.00 AC |
| Rentable Building Area | 10,000 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 1.8/1,000 SF |
| Clear Ceiling Height | 18’6” |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | IG - General Industrial |
Utilities
- Gas - Natural
- Water - City
- Sewer - County
- Heating - Electric
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Cablecom, LLC
- Services
- -
- $13.20
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Cablecom, LLC | Services | - | $13.20 | Triple Net | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11008761 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $901,900 |
Property Taxes
Parcel Number
11008761
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$901,900
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1918 Bobcat Way
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