For Sale
$1,912,500

2920 Arnold Rd Albany, OR 97321

17,115 SF Industrial Investment, 8% Cap Rate

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 17,115-square-foot single-tenant industrial property in Albany, Oregon. Located at 2920 Arnold Rd NE, this distribution/warehouse facility sits on a 3.24-acre lot and boasts a General Industrial (GI) zoning designation. Built in 1980, the property features a 15-year sale-leaseback agreement with SCR Worldwide Inc., a leading global producer of magnesium fluxes and anhydrous magnesium chloride. The lease includes 3% annual rent bumps and two five-year options, ensuring consistent income growth. The property's strategic location provides direct access to Interstate 5, offering convenient access to both Portland and Eugene. With an asking price of $1,912,500 and a Net Operating Income (NOI) of $153,000, this investment offers an attractive 8.00% capitalization rate. The property is situated in a highly desirable industrial area with minimal vacancy, making it a strong, low-risk investment. The sale-leaseback structure minimizes management responsibilities, providing a passive income stream for the investor. The property's strong tenant, long-term lease, and prime location combine to create a compelling investment opportunity in a robust industrial market. The Linn County property's APN is 10S03W28-00-00902.

Highlights

  • 15-year sale-leaseback; single-tenant industrial property.
  • Highly desirable industrial submarket with minimal vacancy.
  • 0.20% industrial vacancy rate within a three-mile radius.
  • Direct Interstate 5 access.
  • Midway between Portland and Eugene (one hour south of Portland, 45 minutes north of Eugene).

Property Details for 2920 Arnold Rd

Property type
Warehouses, Industrial properties
Square Feet
17,115 SF
Year Built
1980
Lot Size (sq. ft)
141,134 SF
Units
1

Location Insight

City
Albany
County
Linn
State
Oregon
Latitude
44.672068
Longitude
-123.0676599

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FAQs

What type of property is this?
Warehouse - 17,115 SF Industrial Investment, 8% Cap Rate
Where is the warehouse located?
The property is located at 2920 Arnold Rd Albany, OR.
What is the asking price?
The asking price for this property is $1,912,500.
What are key features of this property?
This property features: 15-year sale-leaseback; single-tenant industrial property.; Highly desirable industrial submarket with minimal vacancy.; 0.20% industrial vacancy rate within a three-mile radius.
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.
How do I access a private listing?
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Contacts

Peter Doughty
Peter Doughty
Alex Gallicho
Alex Gallicho
Visit Broker Website

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Arnold Rd
Albany, OR 97321

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Arnold Rd
Albany, OR 97321

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2920 Arnold Rd
  • Peter Doughty
    Peter Doughty
  • Alex Gallicho
    Alex Gallicho
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