For Sale
$2,900,000

12770 Macksburg Rd Canby, OR 97013

44,689 SF Flex/Manufacturing Space

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Canby, Oregon industrial property, located at 12770 S Macksburg Rd, offers 44,689 square feet of flex/manufacturing space on a 41.5-acre lot. Currently operating as a fully equipped berry processing facility, the property boasts a 6.42% cap rate and a strong NOI of $218,386. The property is zoned EFU, Clackamas County, and benefits from its prime location in the Willamette Valley, providing easy access to Highway 99E and Interstate 5. Currently leased under a gross lease to a single tenant, California Splendor, Inc., with the lease expiring April 29, 2025. While the tenant has expressed interest in remaining, no lease extension is currently in place. Approximately 18 acres of the site are underutilized, presenting significant potential for future development, including additional crop planting or potential subdivision for residential use after lease expiration. The asking price is $2,900,000, translating to $93.98 per square foot. This presents a compelling investment opportunity with strong existing income and substantial future upside.

Highlights

  • 44,689 SF flex/manufacturing building on a 41.5-acre lot in Canby, OR.
  • Currently leased to a single tenant under a gross lease expiring April 29, 2025; tenant interested in renewal, but no extension in place.
  • 18 acres of underutilized land offer potential for future development, including additional crops or residential subdivision.
  • Strong investment opportunity with a 6.42% cap rate, $218,386 NOI, and asking price of $2,900,000 ($93.98/SF).

Property Details for 12770 Macksburg Rd

Property type
Industrial properties, Manufacturing properties
Square Feet
44,689 SF
Lot Size (sq. ft)
1,807,740 SF

Location Insight

City
Canby
County
Clackamas
State
Oregon
Latitude
45.2092422
Longitude
-122.6029016

FAQs

What type of property is this?
Industrial property - 44,689 SF Flex/Manufacturing Space
Where is the industrial property located?
The property is located at 12770 Macksburg Rd Canby, OR.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 44,689 SF flex/manufacturing building on a 41.5-acre lot in Canby, OR.; Currently leased to a single tenant under a gross lease expiring April 29, 2025; tenant interested in renewal, but no extension in place.; 18 acres of underutilized land offer potential for future development, including additional crops or residential subdivision.
How can I contact the broker?
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12770 Macksburg Rd
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