Leased Industrial Investment
Status: Sold
Type: Industrial
Lot Size: +/- 3.56 Acres
Zoning: Light Industrial
Construction Status: Existing
Building Size: 49,820 SF
Year Built: 1983
Grade Level: Yes

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, ORĀ  97322

ZONING: Light Industrial (LI)


Listing Company: NW Commercial Services LLC.
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Property Disclaimer
The accuracy of all information on this website, regardless of source, including but not limited to square footages, parcel sizes and dimensions are deemed reliable but are not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The information at this site is provided solely for informational purposes and is subject to change, modification, or withdrawal without any notice and is deemed reliable but in no way guaranteed by the owner or NW Commercial Services, LLC.

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