NW Washington Industrial 1990 NW Washington Blvd 20,200 SF 40% Leased Industrial Building Grants Pass, OR 97526 $2,900,000 ($143.56/SF)

Executive Overview
RE/MAX Platinum exclusively presents, for sale, 1990 NW Washington Blvd. Strategically located in North Grants Pass’s industrial core, this 20,200 SF facility on 2.44 acres offers exceptional accessibility just off I-5. Featuring ±6,000 SF of office and a fully insulated, sprinklered, heated/cooled warehouse, the property includes three ground-level doors, a split dock-high door, tall exterior awnings, and a secured fenced yard. Currently partially leased to Platt Electric, it’s ideal for investors or owner-users seeking flexibility and income. Just minutes from downtown, Redwood Hwy, and the Southern Oregon coast.
Owner-User Opportunity
This property presents a rare opportunity for an owner-user in Grants Pass to acquire a highly functional industrial facility with built-in flexibility and visibility. With ±6,000 SF of office and over 14,000 SF of conditioned warehouse space, it’s well-suited for a variety of industrial, manufacturing, or distribution uses. The location—just off I-5 and minutes from downtown—offers logistical advantages for regional operations, while the secured yard and multiple loading options support efficient workflow. The existing tenant provides potential income during a phased move-in or expansion, making this an ideal scenario for a growing business seeking long-term control and stability.
Investment Opportunity
With Platt Electric as a long-term tenant paying $0.75 psf absolute net on part of the building, this 20,200 SF facility offers stable foundational income from day one. The remaining ±12,890 SF of office and warehouse space is available at current market rates—industrial space in Grants Pass typically leases around $9–$11 psf/year ($0.75–$0.90 psf/month), which aligns with comparable offerings in the area. Additional demand for the 11,800 SF awning, historically leasing for $500–$1,500/month, further boosts potential revenue. On a fully leased pro forma, projected net operating income exceeds $180,000/year, equating to a mid-6%+ cap rate in a secondary market where industrial yields typically range around 7% . This makes the property compelling for investment buyers seeking built-in cash flow, upside from lease-up, and the flexibility to retain or expand tenancy long-term.
Where and Why?
Situated less than a quarter mile from I-5 in the heart of North Grants Pass’s industrial corridor, this property enjoys exceptional logistical connectivity to the Pacific Northwest and beyond. Its proximity to downtown Grants Pass, the Redwood Highway, and key regional routes makes it ideal for both local distribution and interstate operations.
Grants Pass offers a business-friendly environment with a growing industrial base, low utility costs, and a skilled labor pool, all within a community that supports economic development. As Josephine County’s largest city, it serves as a hub for manufacturing, logistics, and service-based industries, offering steady demand for industrial space.
Southern Oregon continues to attract industrial users due to its strategic location between the major metro areas of Portland and Sacramento, without the congestion or costs of larger urban markets. With available land, access to I-5, and a cooperative local regulatory climate, the region is increasingly favored by businesses seeking affordability, flexibility, and long-term growth opportunities.
Grants Pass serves as a strategic hub for commerce and distribution across Southern Oregon and Northern California. Positioned at the crossroads of I-5 and OR-199, the city offers direct access to the Southern Oregon and Northern California coastlines, efficiently linking coastal cities from Drain, OR (via OR-38) to Weaverville, CA (via CA-299). This central location enables businesses to reach key markets in Medford, Roseburg, Redding, and Eureka with ease, making it an ideal base for regional logistics, service delivery, and supply chain operations throughout the Pacific Northwest and coastal corridor.