Single-Tenant Industrial
Imperial Fabrics Warehouse
250 SE Booth Bend Rd, McMinnville, OR 97128
Listing Price: $2,085,000
Investment Overview
Marcus & Millichap, is pleased to present the exclusive opportunity to acquire a McMinnville industrial property, located just North of the Hwy 18 in McMinnville, Oregon. The building sits on a 2.2-acre parcel in a small industrial pocket south of downtown McMinnville. The building is comprised of 20,000 of industrial floor space and includes three 10 foot docks and one 15 foot grade level door. Also, provides 50 parking spaces and ample turnaround space. The property is currently home to Imperial Fabrics, who has operated out of this location for over 26 years. Imperial Fabrics signed a 5 year extension in 2019 and currently has 2 years of term remaining at a rate of $6 per square foot NN. Imperial also has an additional 5 year option to extend with escalations that are adjusted with CPI. The property is perfectly positioned as a turn key, core investment with potential to add additional building space on the excess land. The site also features a billboard that yields an additional $5,445 annually.
Imperial Fabrics Warehouse
Investment Highlights
- 20,000 SF Class C Industrial Building in McMinnville, OR
- Tenant to Sign Early Extension for 5 Years
- Additional Land and Potential to Add to Existing Structure
- 3(10') Docks and 1(15') Grade Level Door
- Includes a Billboard that Produces Additional Cash Flow
- Metal Construction
- 50 Parking Spaces
Listing Price: $2,085,000
Investment Highlights
- 20,000 SF Class C Industrial Building in McMinnville, OR
- Tenant to Sign Early Extension for 5 Years
- Additional Land and Potential to Add to Existing Structure
- 3(10') Docks and 1(15') Grade Level Door
- Includes a Billboard that Produces Additional Cash Flow
- Metal Construction
- 50 Parking Spaces
Investment Overview
Marcus & Millichap, is pleased to present the exclusive opportunity to acquire a McMinnville industrial property, located just North of the Hwy 18 in McMinnville, Oregon. The building sits on a 2.2-acre parcel in a small industrial pocket south of downtown McMinnville. The building is comprised of 20,000 of industrial floor space and includes three 10 foot docks and one 15 foot grade level door. Also, provides 50 parking spaces and ample turnaround space. The property is currently home to Imperial Fabrics, who has operated out of this location for over 26 years. Imperial Fabrics signed a 5 year extension in 2019 and currently has 2 years of term remaining at a rate of $6 per square foot NN. Imperial also has an additional 5 year option to extend with escalations that are adjusted with CPI. The property is perfectly positioned as a turn key, core investment with potential to add additional building space on the excess land. The site also features a billboard that yields an additional $5,445 annually.
