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Bldg 1 - Candlewood Court Industrial Park 3603-3633 Candlewood Ct NE 5,101 SF 100% Leased Industrial Building Keizer, OR 97303 $940,000 ($184.28/SF) 6% Cap Rate
Investment Highlights
- Total Space: 5,101 SF across four fully occupied industrial flex units
- Configuration: Each industrial flex unit includes one drive-in bay door, warehouse space, and a mezzanine with a small office
- Lot Size: 0.14 acres, minimizing maintenance costs for industrial flex operations
- Owner User Flexibility: Three of four tenants on month-to-month leases, allowing potential owner occupancy of multiple units
- Zoning: Industrial General (IG), accommodating a wide range of industrial flex and commercial activities
Executive Summary
OWNER USER OPPORTUNITY - NEW TO MARKET! This owner user opportunity at 3603-3633 Candlewood Ct NE in Keizer, Oregon, presents a 5,101 square foot industrial flex building within the Industrial General (IG) zone. The property is fully occupied across four functional industrial flex units, each equipped with a drive-in bay door, warehouse space, and a mezzanine featuring a small office. Notably, three of the four tenants are on month-to-month leases, offering significant flexibility for an owner user to occupy multiple units or continue leasing for investment purposes. Priced at $940,000, the industrial flex building generates a Net Operating Income (NOI) of $56,400, yielding a
solid 6% capitalization rate. Positioned on a compact 0.14-acre lot, this low-maintenance industrial flex property is an attractive opportunity in Keizer’s thriving industrial flex market.
solid 6% capitalization rate. Positioned on a compact 0.14-acre lot, this low-maintenance industrial flex property is an attractive opportunity in Keizer’s thriving industrial flex market.
Property Facts
| Price | $940,000 | Lot Size | 0.27 AC |
| Price Per SF | $184.28 | Rentable Building Area | 5,101 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 6% | Year Built | 2015 |
| Property Type | Industrial | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 17’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | IG - Industrial General | ||
| Price | $940,000 |
| Price Per SF | $184.28 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.27 AC |
| Rentable Building Area | 5,101 SF |
| No. Stories | 2 |
| Year Built | 2015 |
| Parking Ratio | 0.39/1,000 SF |
| Clear Ceiling Height | 17’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | IG - Industrial General |
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Property Taxes
| Parcel Number | 549002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $256,850 |
Property Taxes
Parcel Number
549002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$256,850
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Bldg 1 - Candlewood Court Industrial Park | 3603-3633 Candlewood Ct NE
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