HUGE PRICE REDUCTION…………..AVAILABLE FOR SALE: 2200 – 2290 Three Lakes Rd, Albany. 90% Leased Industrial Investment property. Rents are well under market value, most tenants are On month-to-month agreements to advance a sale and simplify new owner adjusting of rents. +/- 49,820 SF of total rent-able space, two tax parcels totaling +/- 3.56 acres, Light Industrial (LI) zoned. There are 9 – Industrial spaces and 1 – residential home. The property has septic holding tanks and is well served. Eave heights ranging from +/- 14′ to 18′; asphalted customer and employee parking; I-5 visibility; easy access to I -5 and Santiam Hwy within minutes. This is a great opportunity to purchase a property that has been held by the same family for a very long time.
Do Not Disturb Tenants, Do not go on property without Listing Broker being present.
PURCHASE PRICE: $ 2,000,000.00
CAP RATE: Current income 6.6% Cap Rate, Proforma income 7+% Cap Rate
LOCATION: Albany, OR 97322
ZONING: Light Industrial (LI)
SEE ATTACHED FLYER FOR ADDITIONAL PHOTOS*