1913-1957 Fescue St SE Albany, OR 97322

This Class A light industrial building presents an outstanding investment opportunity, having been occupied by the same tenant for nearly 25 years. The building is comprised of approximately 65% warehouse space and 35% office space, and is in excellent condition throughout. The tenant is prepared to sign a long-term lease extension at closing, with a starting rate of $0.815 per square foot per month, triple net. This rate is a blended rent considering both the office and warehouse spaces. The property is visible from Interstate 5 and is located less than 1/2 mile from the Highway 20 interchange. For 25 years, Concept Systems, Inc. has provided automation consulting, controls and workflows, process controls, and precision panel fabrication services. They offer on-site or remote service automation support to clients across various industries. Situated less than 1/2 mile from an I-5 interchange, the Fescue/Rye Street corridors are home to several light-manufacturing businesses. Albany is a manufacturing community with a history in wood products, titanium, metal fabrication, and industrial manufacturing. Albany is near Corvallis, home to Oregon State University and the Hewlett Packard research and science campus.