Property summary
This exceptional 66,000+ square foot industrial complex, situated on a 6.08-acre lot in Culver, Oregon, presents a compelling net-leased investment opportunity. Currently leased to DS Services of America/Primo Water, a major North American bottled water company, the property boasts a strong 6.50% cap rate with a current NOI of $412,800 annually ($34,400 monthly). The lease, a 100% NNN Triple Net lease, includes 3% annual escalations and extends until June 20, 2029. The facility, significantly upgraded in 2015 and 2021, features a fully sprinklered warehouse, modern offices, and a breakroom. Safety features include a wet fire suppression system. Power is robust, with 480-volt, 3-phase power rated for 1,000 amps. The warehouse itself offers four dock-high enclosed bays equipped with auto levelers and PVC dock seals, multiple man doors, and separate restrooms for warehouse and office employees. The building's impressive free span measures 100' x 300', with a clear height of 14' at the eave and 17.5' inside the roof, reaching 19' to the roof peak. Lighting has been upgraded with Energy Trust of Oregon T-8 bulb dormers incorporating motion sensors. Additional features include quality control rooms, corporate and executive offices, and a pre-engineered steel building construction. Conveniently located just 18 miles north of Redmond, OR, this property represents a rare opportunity for a secure, high-return investment.
Property profile
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M1 · Culver, ORZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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