Single-Tenant Industrial
2920 Arnold Rd NE
2920 Arnold Rd NE, Albany, OR 97321
Listing Price: $1,912,500
Investment Overview
Marcus & Millichap is pleased to present the sale offering of 2920 Arnold Road NE, a 15-year sale-leaseback industrial investment opportunity in Albany, Oregon. The subject property consists of ±17,115 square feet of industrial space situated on 3.24 acres of land.
The property is located in a tight industrial pocket with minimal vacancies along Old Salem Road, with direct access to Interstate 5, approximately halfway between Portland to the north and Eugene to the south.
The tenant, SCR Worldwide Inc. (SCR), is a leading global producer of premium magnesium fluxes and anhydrous magnesium chloride and serves a variety of industries including aerospace, defense, automotives, and plastics among others. The subject property serves as corporate headquarters for SCR. At close of escrow, SCR is offering to sign a 15-year absolute net lease, with 3% annual rental increases and two, five-year options.
The purchase of this offering presents an investor with the opportunity to own an industrial asset in a robust pocket of the Cleveland industrial market. At the current list price of $1,912,500 the investment offering will generate an in-place net operating income of $153,000 which equates to a capitalization rate of 8.00%.
2920 Arnold Rd NE
Investment Highlights
- 15-year, single-tenant, sale-leaseback investment opportunity
- Extremely tight industrial submarket | Minimal vacancy in surrounding area
- 0.20% vacancy rate of industrial product within a three-mile radius
- Direct access to Interstate 5
- Approximately halfway between Portland and Eugene | One hour south of Portland | 45 minutes north of Eugene
Exclusively Listed By
Broker of Record
Listing Price: $1,912,500
Investment Highlights
- 15-year, single-tenant, sale-leaseback investment opportunity
- Extremely tight industrial submarket | Minimal vacancy in surrounding area
- 0.20% vacancy rate of industrial product within a three-mile radius
- Direct access to Interstate 5
- Approximately halfway between Portland and Eugene | One hour south of Portland | 45 minutes north of Eugene
Investment Overview
Marcus & Millichap is pleased to present the sale offering of 2920 Arnold Road NE, a 15-year sale-leaseback industrial investment opportunity in Albany, Oregon. The subject property consists of ±17,115 square feet of industrial space situated on 3.24 acres of land. The property is located in a tight industrial pocket with minimal vacancies along Old Salem Road, with direct access to Interstate 5, approximately halfway between Portland to the north and Eugene to the south. The tenant, SCR Worldwide Inc. (SCR), is a leading global producer of premium magnesium fluxes and anhydrous magnesium chloride and serves a variety of industries including aerospace, defense, automotives, and plastics among others. The subject property serves as corporate headquarters for SCR. At close of escrow, SCR is offering to sign a 15-year absolute net lease, with 3% annual rental increases and two, five-year options. The purchase of this offering presents an investor with the opportunity to own an industrial asset in a robust pocket of the Cleveland industrial market. At the current list price of $1,912,500 the investment offering will generate an in-place net operating income of $153,000 which equates to a capitalization rate of 8.00%.
Exclusively Listed By
Broker of Record
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