500 E Illinois St 108,023 SF Industrial Building Newberg, OR 97132 $10,600,000 ($98.13/SF)

Premier 5.59 acres and an attractive +/-103,723 SF industrial building in Newberg, Oregon. Available for lease or sale. Unique opportunity for those seeking existing heavy power infrastructure with high-span ceilings, built in cranes, rail spur, ample parking and a generous yard. Perfect "re-shore ready" property. The building has years of built-in investment (power, utilities, construction and location). DEQ certified clean. Located M2 light Industrial zone and in the NEWBERG ENTERPRISE ZONE (3-5 year Personal Property Taxes on Eligible Equipment and Machinery and property tax exemption on new construction, additions, and equipment—potential savings of hundreds of thousands) M2 allows a broad range of uses, including: advanced and/or traditional manufacturing, assembly, food/beverage processing, distribution/logistics, technology R&D campus, re-shore opportunities and industrial flex. The building is fully leased to PPM Technologies through January 2027. An early-release may be available. The building offers clear door heights ranging from 8’ to 26’. There are nine grade-level doors, two dock-high doors, ample 3-phase power 825 kVA (heavy power), and +/-1 acre of the 5.59 acre parcel that is available land for development. There are 5 bridge cranes and 5 jib cranes with weight capacities from 3 to 5 tons among 10 cranes. The building was renovated in 2020 and it has a modern exterior-look and updated office and lobby area. Large, paved work yard/ample truck loading and 149 paved parking spaces. The building is "Sprinklered" with both a wet and dry system. Cooler space is available. Large media blasting & spray booths. The building has a dedicated railroad spur with an elevated loading platform and two rail-loading doors. The property is considered a part of the Portland metropolitan area and can serve as regional distribution hub. Located approximately 13 miles from 1-5 (Donald exit) and 15 miles to I-5 (Tualatin exit); Highway 99w is 4 blocks away and Portland PDX Airport is 35 miles away. George Fox University is 5 blocks away. The Highway 99W and Highway 18 corridor connect to the Oregon Coast Range, the rich farmlands of the Yamhill, Willamette, and Tualatin Valleys and it is known as the "gateway to Oregon Wine Country". Newberg is a fast-growing, dynamic community with a high standard of livability and a skilled work-force. This property and building are an amazing opportunity for single user or multi-tenant scenarios including for example metal and steel fabricators; modular construction companies; automation equipment builders; ag and trailer equipment manufacturers; EV/battery component suppliers. Lease or Sale is available.