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1913-1957 Fescue St 24,260 SF Industrial Building Albany, OR 97322 $4,920,618 CAD ($202.83 CAD/SF) 6.70% Cap Rate

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INVESTMENT HIGHLIGHTS

Long-term NNN lease at closing*
Outstanding cap rate at fair market rent

25-year tenant in the building

EXECUTIVE SUMMARY

This Class A light industrial building has been occupied by the same tenant for close to 25 years and is an outstanding investment opportunity. The building is approximately 65% warehouse and 35% office space and is in outstanding condition throughout. The current rent is well under fair market value. The tenant is prepared to sign a long-term lease extension at closing at a starting rate of $.815 per square foot per month, triple net*. This is a blended rent considering the office and the warehouse space and is equal to or less than our estimate of fair market rent. The subject property is visible to Interstate 5 and less than 1/2 mile from the Highway 20 interchange.
* Please inquire with the listing agent for details on the future lease.

1913-1957 Fescue St SE Albany Brochure 05-28-2025

PROPERTY FACTS

Price	$4,920,618 CAD	Rentable Building Area	24,260 SF
Price Per SF	$202.83 CAD	No. Stories	1
Sale Type	Investment	Year Built	2000
Cap Rate	6.70%	Tenancy	Single
Property Type	Industrial	Parking Ratio	0.74/1,000 SF
Property Subtype	Warehouse Industrial Manufacturing	No. Drive In / Grade-Level Doors	8
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.94 AC
Zoning	LI - Light Industrial

Price	$4,920,618 CAD
Price Per SF	$202.83 CAD
Sale Type	Investment
Cap Rate	6.70%
Property Type	Industrial
Property Subtype	Warehouse Industrial Manufacturing
Building Class	B
Lot Size	0.94 AC
Rentable Building Area	24,260 SF
No. Stories	1
Year Built	2000
Tenancy	Single
Parking Ratio	0.74/1,000 SF
No. Drive In / Grade-Level Doors	8
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LI - Light Industrial

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