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Single-Tenant Industrial

1308 Industrial Loop

1308 Industrial Loop, Hood River, OR 97031

Listing Price: $1,550,000

Cap Rate
4.12%
Gross SF
6,574
Price/Gross SF
$235.78
Lot Size
1.17 acres
Year Built
1975
Rentable SF
5,574

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale or lease the Evoke Winery Distribution warehouse, located at 1308 Industrial Loop in Hood River. Well situated in Hood River’s Downtown Central Business District (CBD) just one-half mile west of its core retail corridor on Oak Street, this Industrial-zoned property boasts magnificent views of Mount Adams and the Columbia River Gorge. It’s ideal for manufacturing and/or production activities and complementary commercial services, such as a tasting room. It’s already within a block of established retail/mixed-use developments, including tenants like Crush Cider Café and New York City Sub Shop. The two-parcel property includes an existing 5,574 square-foot single-story warehouse facility. The main structure has a 1,000 square-foot covered outdoor shipping and receiving platform, dock and grade-level garage doors, large clear-span rooms with 16-foot ceiling heights, and is well insulated. Large semi and tractor-trailers can easily access the property, circle the structure, and maneuver for loading-dock shipping and receiving. There are multiple quick-access options to Highway 30, Highway 35, and Interstate-84. The oversized 1.17-acre (50,965 square-foot) lot provides attractive expansion and/or development opportunities. Industrial-zoned land is extremely limited in the Hood River area, especially in such close proximity to Downtown and Interstate-84, making this an ideal opportunity to secure 1.17 acres with development potential. Other mixed-use developments on Wasco/Industrial Loop have been extremely successful and remain in high demand by tenants. Proposed development options have ranged from 8,000 to 30,000 square-feet of new construction.

Investment Highlights

  • Offered For Sale or Lease - 5,574 SF Warehouse, 6,794 SF Including Covered-Loading Platform
  • Ideal for Value-Added Investors, Developers, and/or Owner-Users
  • 4.13% Current In-Place CAP Rate
  • Covered-Land Play on Over-Sized Developable Lot - Two Parcel 1.17 Acre Lot (50,965 SF)
  • 10-Year Lease with Evoke Winery with 5 Years Remaining
  • Industrial Zoned (I) Downtown/Central Business District (CBD) Location
  • Incredible Mount Adams and Columbia River Views Perfect for Tasting Room

Exclusively Listed By

Single-Tenant Industrial

1308 Industrial Loop

Listing Price: $1,550,000

Cap Rate
4.12%
Gross SF
6,574
Price/Gross SF
$235.78
Lot Size
1.17 acres
Year Built
1975
Rentable SF
5,574

Investment Highlights

  • Offered For Sale or Lease - 5,574 SF Warehouse, 6,794 SF Including Covered-Loading Platform
  • Ideal for Value-Added Investors, Developers, and/or Owner-Users
  • 4.13% Current In-Place CAP Rate
  • Covered-Land Play on Over-Sized Developable Lot - Two Parcel 1.17 Acre Lot (50,965 SF)
  • 10-Year Lease with Evoke Winery with 5 Years Remaining
  • Industrial Zoned (I) Downtown/Central Business District (CBD) Location
  • Incredible Mount Adams and Columbia River Views Perfect for Tasting Room

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale or lease the Evoke Winery Distribution warehouse, located at 1308 Industrial Loop in Hood River. Well situated in Hood River’s Downtown Central Business District (CBD) just one-half mile west of its core retail corridor on Oak Street, this Industrial-zoned property boasts magnificent views of Mount Adams and the Columbia River Gorge. It’s ideal for manufacturing and/or production activities and complementary commercial services, such as a tasting room. It’s already within a block of established retail/mixed-use developments, including tenants like Crush Cider Café and New York City Sub Shop. The two-parcel property includes an existing 5,574 square-foot single-story warehouse facility. The main structure has a 1,000 square-foot covered outdoor shipping and receiving platform, dock and grade-level garage doors, large clear-span rooms with 16-foot ceiling heights, and is well insulated. Large semi and tractor-trailers can easily access the property, circle the structure, and maneuver for loading-dock shipping and receiving. There are multiple quick-access options to Highway 30, Highway 35, and Interstate-84. The oversized 1.17-acre (50,965 square-foot) lot provides attractive expansion and/or development opportunities. Industrial-zoned land is extremely limited in the Hood River area, especially in such close proximity to Downtown and Interstate-84, making this an ideal opportunity to secure 1.17 acres with development potential. Other mixed-use developments on Wasco/Industrial Loop have been extremely successful and remain in high demand by tenants. Proposed development options have ranged from 8,000 to 30,000 square-feet of new construction.

Exclusively Listed By

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