NEWBERG INDUSTRIAL PARK 500 E Illinois St 86,217 SF 100% Leased Industrial Building Newberg, OR 97132 $10,600,297 ($122.95/SF)

Newberg Industrial Park -- Heavy-Power Industrial Facility +86,217SF on 5.59 acre paved parcel
| Available for Lease or Sale - Perfect for Owner-user or Investor!
+86,217SF Industrial manufacturing facility & warehouse situated on a 5.59-acre in Newberg, Oregon. The property is zoned M-2 (Light Industrial) and allows a wide variety of permitted uses. Located within Newberg's Enterprise Zone, the property is eligible for property tax abatement for qualified tenants or buyers.
The facility is:
• Heavy power: 1,400 kVA / 6,000-amp three-phase electrical service.
• CNC-ready
• The facility has 10 overhead cranes (five bridge cranes and five jib cranes with lifting capacities from 3 to 5 tons).
• The building has nine grade-level doors, two dock-high doors, and approximately one acre of the 5.59 acre parcel is available for future expansion.
• Clear heights range from approximately 8 to 26 feet, with the primary manufacturing and warehouse areas offering 20- to 26-foot clear heights.
• There are 149 paved parking spaces as well as a large fenced & paved yard-space.
• The facility has industrial media blasting and spray booths
• Wet and dry fire sprinkler systems.
• The building is served by Union Pacific Railroad with an elevated loading platform and has two rail-loading doors.
• The property is part of the Portland metropolitan area.
Newberg Industrial Park features an attractive, contemporary exterior, updated office and lobby areas, covered loading facilities. Newberg is a fast-growing, dynamic community with a high standard of livability. As part of the Portland metropolitan area, Newberg is recognized for its exceptional quality of life and as the Gateway to Oregon Wine Country. The property benefits from a skilled workforce. It has close proximity to George Fox University—Oregon's largest private university—and Providence Newberg Medical Center.
Available for lease or sale. Estimated NNN expenses are approximately $0.10 per square foot per month (approximately $1.20 per square foot annually).
An exceptional opportunity to acquire or lease a high-capability industrial facility combining heavy-power infrastructure, CNC-ready manufacturing capability, overhead cranes, rail service, expansion potential, and strategic access within the Portland metropolitan region.
Ownership is offering a 2.5% brokerage commission to a buyer's broker or tenant's broker upon the successful completion of a sale or lease transaction.
Location
The property is part of the Portland metropolitan area and has direct access to highways OR-219 and OR-240, and easy access to Highway 99W.
Approximate distances:
• Highway 99W – 5 blocks
• Direct access to highways )R-240 and OR-219
• Interstate 5 (Donald Interchange) – 13 miles
• Interstate 5 (Tualatin Interchange) – 15 miles
• Portland International Airport (PDX) – 35 miles
• George Fox University – 5 blocks
Ideal Uses
• Advanced manufacturing
• Traditional manufacturing
• Metal fabrication
• Trailer and equipment manufacturing
• CNC machining
• Automation equipment manufacturing
• Modular construction
• EV and battery component manufacturing
• Food and beverage processing
• Winery, distillery, beverage production, bottling, packaging, and cold storage
• Distribution and logistics
• Industrial flex
• Engineering, automation, technology, and research & development operations