Office Warehouse
Corvallis Millrace Center
1750 SW 3rd St, Corvallis, OR 97333
Listing Price: $5,495,000
Investment Overview
This unique property includes three separate elements: a Flex/Retail Building, Medical Office Building, and Warehouse Building, all situated on 2.95 acres of land in the heart of the Corvallis-MUE zoning istrict.
The 41,372 SF rentable building area includes 17,692 SF of flex/retail space, 4,180 SF of medical office space, and 19,500 SF of warehouse space. The buildings were constructed in 1973 and 1997 using
a combination of concrete, metal, and wood frame construction, with the warehouse and flex/retail buildings offering dock high, drive-in, and grade level loading capability. The property also includes 72 parking stalls for tenants and customers.
This is a rare opportunity to acquire a well-maintained property that offers both stability and value-added potential. The property is ideally situated just minutes from I-5 in the growing Corvallis area, and it
presents a prime opportunity for an owner/occupant or investor looking to establish a foothold in this thriving market. With its versatile layout, ample parking, strategic location, and diverse tenant mix including Oregon State Univeristy, this property offers endless possibilities for growth and
development in one of the most dynamic regions of the Pacific Northwest.
Corvallis Millrace Center
Investment Highlights
- BARRIER TO ENTRY - Corvallis Industrial market is nearly at capacity, with only 0.8% of total SF vacancies and no additional space under construction, due to a heavy restraint on space.
- DIVERSE TENANT PROFILE - With a variety of tenant profiles including Oregon State University, the three buildings of varying use space (Flex/Retail, Medical Office, and Warehouse).
- EXCELLENT LOCATION - Located on Pacific Highway, tenants and customers alike have easy access to US Route 20 and I-5.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $5,495,000
Investment Highlights
- BARRIER TO ENTRY - Corvallis Industrial market is nearly at capacity, with only 0.8% of total SF vacancies and no additional space under construction, due to a heavy restraint on space.
- DIVERSE TENANT PROFILE - With a variety of tenant profiles including Oregon State University, the three buildings of varying use space (Flex/Retail, Medical Office, and Warehouse).
- EXCELLENT LOCATION - Located on Pacific Highway, tenants and customers alike have easy access to US Route 20 and I-5.
Investment Overview
This unique property includes three separate elements: a Flex/Retail Building, Medical Office Building, and Warehouse Building, all situated on 2.95 acres of land in the heart of the Corvallis-MUE zoning istrict. The 41,372 SF rentable building area includes 17,692 SF of flex/retail space, 4,180 SF of medical office space, and 19,500 SF of warehouse space. The buildings were constructed in 1973 and 1997 using a combination of concrete, metal, and wood frame construction, with the warehouse and flex/retail buildings offering dock high, drive-in, and grade level loading capability. The property also includes 72 parking stalls for tenants and customers. This is a rare opportunity to acquire a well-maintained property that offers both stability and value-added potential. The property is ideally situated just minutes from I-5 in the growing Corvallis area, and it presents a prime opportunity for an owner/occupant or investor looking to establish a foothold in this thriving market. With its versatile layout, ample parking, strategic location, and diverse tenant mix including Oregon State Univeristy, this property offers endless possibilities for growth and development in one of the most dynamic regions of the Pacific Northwest.
Exclusively Listed By
Broker of Record
Financing By
