For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

Florence, OR 97439

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

Rare, well-maintained industrial property with value-add potential in Florence.

Property Features for

General Information

Zoning
Limited Industrial

Source: Zach Reichle Agent Zach Reichle

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multi-Tenant Industrial Investment Opportunity

Located in the center of Florence's industrial district, this multi-tenant industrial investment opportunity features two clearspan metal buildings on just under one acre. The property has a rentable building area of 20,982 square feet, with 9,342 square feet in Building 1 (1725 Kingwood) and 11,640 square feet in Building 2 (1735 Kingwood). The property is 91.7% occupied and contains 12 separate units. Building 1 has five suites, while Building 2 has seven suites. Each unit includes a 12' x 14' grade-level door, a bathroom, and a mix of warehouse and office space, except for Unit 1735D, which has no office. Each unit is separately metered for utilities. The current rental rate is $8.985 per square foot per year, with a modified gross lease type. The pro-forma rental rate is $13.647 per square foot per year, with a triple net lease type. Given the high demand and virtually no vacancies in the Florence industrial market for small-bay industrial space, this well-maintained asset offers stability and a major value-add opportunity.
Location Intelligence

Current Use by Public Records

Flex space

Similar Places Nearby

Game Thyme Food Truck

Map

City
Florence
County
Lane
State
Oregon
Longitude
-124.032
Latitude
44.1259

FAQs

What type of property is this?
Flex space - Rare, well-maintained industrial property with value-add potential in Florence.
Where is this flex space located?
The property is located at Florence, OR.
What are key features of this property?
This property features: - Rare multi-tenant industrial investment opportunity in Florence's industrial district.; - High occupancy rate of 91.7% demonstrates strong demand.; - Significant value-add opportunity with potential to increase NOI and rental rates.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message