5825 NE Skyport Way
Portland, OR 97218
100% Leased Single Tenant Industrial - 10 YR · Industrial Property For Sale

5825 NE Skyport is a 100% Leased NNN investment warehouse located in Portland, Oregon. The property is currently 100% leased to Silver Eagle Manufacturing who has recently committed to an additional 10 year lease term at market rental rates. The building is approximately 77,960 SF of high quality concrete tilt up warehouse on 6.21 Acres with excess parking, yard and truck staging area. The building has heavy electrical and other manufacturing infrastructure in place. The property is located just minutes to two major interstate freeways as well as the Portland International Airport. This is one of the best industrial areas in the city of Portland with very high historical occupancy and absorption. Lease Term - 10 Years Cap Rate - 6.54 % ($543,000 NOI) Annual Rent Increases 2.5% (This is NOT a sale leaseback) The Tenant is Silver Eagle Manufacturing who has been in business since 1936 and specializes in manufacturing transportation solutions for the defense department as well as national trucking companies including UPS and many others. They have a 25 year occupancy history in the building and are ready to commit to an additional 10 year lease term. This is a very rare opportunity for a fully stabilized building with an above market CAP Rate and very competitive price per square foot. Please call listing agents for more information