For Sale
$6,350,100

812 C St Culver, OR 97734

6.5% Cap Rate, NNN Lease, $6.35M

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a 66,000-square-foot industrial facility in Culver, Oregon, situated on a 6.8-acre lot (M1 zoning). The property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $412,800 annually ($34,400 monthly). Currently under an absolute NNN lease with a credit-rated tenant, DS Services of America (dba Primo Water/Sierra), a company with over $1 billion in 2023 gross annual sales, the lease extends until June 20, 2029, offering a remaining term of approximately 4.6 years with 3% annual escalations. The single-story building, renovated in 2015 and 2021, features four dock-high doors with levelers and seals, a wet fire suppression system, 480-volt 3-phase power (1000 amps), and a clear height of 19 feet. The building includes approximately 66,000 square feet of warehouse space, plus over 3,700 square feet of office space, a conference room, and breakroom. The property is strategically located just off Highway 97/Highway 26, a major trucking route, offering convenient access to key transportation corridors. This is a rare opportunity to acquire a high-quality, net-leased industrial asset with a secure, long-term tenant and significant upside potential. The asking price is $6,350,100. Racking equipment may be included in the sale or sold separately.

Highlights

  • Investment opportunity with a 6.50% cap rate.
  • $6,350,100 sales price.
  • $412,800 annual net operating income (NOI), or $34,400 monthly.
  • Triple-net (NNN) lease to credit-rated tenant, DS Services of America (Primo Water/Sierra), a $1 billion+ company.
  • Lease expiration: 6/20/2029 (4.6 years remaining); 3% annual escalations.

Property Details for 812 C St

Property type
Warehouses, Industrial properties
Square Feet
66,000 SF
Year Renovated
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
296,208 SF
Units
1

Location Insight

City
Culver
County
Jefferson
State
Oregon
Latitude
44.5607769
Longitude
-121.3948665

FAQs

What type of property is this?
Warehouse - 6.5% Cap Rate, NNN Lease, $6.35M
Where is the warehouse located?
The property is located at 812 C St Culver, OR.
What is the asking price?
The asking price for this property is $6,350,100.
What are key features of this property?
This property features: Investment opportunity with a 6.50% cap rate.; $6,350,100 sales price.; $412,800 annual net operating income (NOI), or $34,400 monthly.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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812 C St
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