38875 SW Laurelwood Rd 66,256 SF 100% Leased Industrial Building Gaston, OR 97119 $5,444,088 CAD ($82.17 CAD/SF)

Colliers International presents the Laurelwood Industrial Complex located at 38875 SW Laurelwood Rd, Gaston, OR, an expansive industrial property comprised of 67,000 square feet featuring a large single-story building and a smaller 5,625-square-foot structure all situated on a 7.53-acre lot.
Originally established in the mid-1960s as the home of Harris Pine Mills Furniture, the property has since been home primarily to warehousing and light manufacturing tenants in the recent past. The complex is zoned Rural-Industrial, accommodating a variety of industrial uses such as manufacturing, warehousing, or distribution. Approximately 40% of the space is occupied by several tenants on month-to-month leases at highly competitive rates, generating immediate rental income. The property includes 1.5 acres of excess land, providing significant potential for expansion or new development projects.
For owner/users, the complex offers a rare opportunity to acquire a large industrial facility at a low cost, with the potential to tailor the space to specific business needs. The site benefits from its strategic location which offers both rural privacy and accessibility to urban amenities, making it ideal for businesses that require large operational spaces away from densely populated areas. The short-term lease structure of the existing tenancy accommodates new ownership with multiple options and flexibility, and proximity to Oregon’s thriving Wine County offers an array of potential tenants and business interests in the immediate area. Forest Grove, Newberg, McMinnville, and Sherwood are all within 30 minutes driving distance, and downtown Portland sits at approximately 45 minutes.