Building Details

Building Size 33,275 SF

Buildings 5

Stories 1

Units 1

Tenancy Single

Listing Agency: Merit Commercial RE, LLC s***@gmail.com Show Phone

Listed By: Christopher Chamberlain Show Phone

Source: Desertskyrealestate

Added: Feb 7, 2025 Changed: Oct 25 Last Checked: Oct 26 at 3:49AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Merit Commercial RE, LLC

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Investment Insights

Based on property information with market context.

This I-G-zoned industrial property totals approximately 33,275 square feet across multiple buildings. The layout includes 4,080 square feet of office space in two buildings, 23,635 square feet of sprinklered industrial space across three buildings, and 5,560 square feet of covered area, much of it sprinklered. Loading is available at both dock height and grade, and the facility has heavy power and fire-suppression sprinklers.

The property is leased on a single-tenant NNN basis to a regional transportation tenant. The lease runs through May 31, 2030, with annual increases of 3%.

Key Highlights

• Approximately 33,275 square feet total
• 23,635 square feet of sprinklered industrial space across three buildings
• 4,080 square feet of office space in two buildings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$212,223

Cap Rate

8.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,244,460 $4.2M

Cap Rate 7%

$3,031,757 $3.0M

Cap Rate 9%

$2,358,033 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 33,275 SF

Gross rent

$315.4K $9.48/SF

− Vacancy

−$12.3K −$0.37/SF

EGI

$303.2K $9.11/SF

− OpEx

−$91.0K −$2.73/SF

NOI

$212.2K $6.38/SF

Area

Jackson County, OR

Vacancy

3.89%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,244,460

Cap Rate 7%

$3,031,757

Cap Rate 9%

$2,358,033

Alternative Uses

Best Use

Warehouse

$3.68M

$3.22M – $4.30M (±1% cap)

NOI $257,700 @ 7.0% cap · market cap 10.31%

Second Best

Industrial

$3.03M

$2.65M – $3.54M (±1% cap)

NOI $212,223 @ 7.0% cap · market cap 8.49%

Theoretical Best

Office A

$8.03M

$7.03M – $9.37M (±1% cap)

NOI $562,214 @ 7.0% cap · market cap 22.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

NNN properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office HVAC Service Hair Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Heavy power

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

273

Businesses Nearby

Explore this area Business Placement

Demographics for 97535, OR

5,015

Population

2,104

Households

2.4

Avg Household Size

46

Median Age

30%

College-Educated

97%

High-School Grad

3.3 sq mi

ZIP Area

1,520

Density / Sq Mi

$60,451

Median Household Income

$35,000

Median Earnings

$1,284

Median Rent

$374,600

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - The property combines industrial, office, and covered areas with dock-high and grade-level loading.

Where is this nnn property located?

The property is located at 306 S C Street Phoenix, OR.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Approximately 33,275 square feet total; 23,635 square feet of sprinklered industrial space across three buildings; 4,080 square feet of office space in two buildings