For Sale
$6,000,000

2500 Industrial AveHubbard, OR 97032

Hubbard, OR: Net-leased industrial property.

Overview

Added:
Dec 11, 2024
Days on market:
116
This fee-simple industrial property, located at 2500 Industrial Ave, Hubbard, OR 97032, presents a compelling investment opportunity. The 10,000 square foot building sits on a 7.1-acre lot and is fully leased to Maxim Crane Works, a leading provider of lifting services in North America, under a net lease (NNN) agreement. The lease commenced May 17, 2019, with a remaining term of 6.5 years and includes two 10-year renewal options with six months' notice. The lease features attractive 2.5% annual rent increases, providing an inflation hedge. The property boasts durable concrete construction, built in 1998, and offers 50 parking spaces. Its strategic location, adjacent to State Highway OR-99E and Interstate 5, provides easy access to downtown Portland (25 miles). The property's NOI is $387,681, yielding a 6.79% cap rate, with an asking price of $6,000,000. The tenant's parent company, Maxim Crane Works Holdings Capital, LLC, fully guarantees the lease and reports annual revenue nearing $1 billion. This offering presents a rare opportunity to acquire a well-located, net-leased industrial asset in a high-growth market with significant upside potential. The property's zoning is rare for the region, making it a strong covered land play. The concrete construction and ample laydown yard space further enhance its value and appeal. This is an ideal 1031 exchange opportunity.

Highlights

  • NNN lease with covered land play and unique regional zoning.
  • Favorable lease terms, annual rent increases, and inflation protection.
  • Rare concrete construction on a 7-acre laydown yard.
  • Excellent 1031 exchange opportunity and a scarce acquisition.
  • Industry-leading tenant with a strong lease guarantor.
  • Established 18+ year history as a crane yard with IOS use; recently acquired by Maxim.

Property Details for 2500 Industrial Ave

Property type
Industrial properties, Self storage facilities
Square Feet
10,000 SF
Year Built
1998
Lot Size (sq. ft)
309,276 SF

Location Insight

City
Hubbard
County
Marion
State
Oregon
Latitude
45.1740301
Longitude
-122.8053792
2500 Industrial Ave, Hubbard, Oregon

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2500 Industrial Ave
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