Building Details

Year Built 1975

Buildings 2

Stories 1

Listing Agency: Burrill Real Estate

Listed By: Curt Burrill · License #930800016

Source: Crexi

Added: Mar 4 Changed: Oct 1 Last Checked: Oct 5 at 7:14PM

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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 Burrill Real Estate

Investment Insights

Based on property information with market context.

This is a 75,000 SF warehouse/manufacturing space located in the White City Industrial Park. The property was formally used for secondary wood products.

Key Highlights

• Large 75,000 SF warehouse/manufacturing space
• Located in the White City Industrial Park
• Open layout suitable for various uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$478,339

Cap Rate

9.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,566,780 $9.6M

Cap Rate 7%

$6,833,414 $6.8M

Cap Rate 9%

$5,314,878 $5.3M

Market Conditions

NOI Build-Up for 75,000 SF

Gross rent

$711.0K $9.48/SF

− Vacancy

−$27.7K −$0.37/SF

EGI

$683.3K $9.11/SF

− OpEx

−$205.0K −$2.73/SF

NOI

$478.3K $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%

$9,566,780

Cap Rate 7%

$6,833,414

Cap Rate 9%

$5,314,878

Alternative Uses

Best Use

Warehouse

$8.30M

$7.26M – $9.68M (±1% cap)

NOI $580,841 @ 7.0% cap · market cap 11.06%

Second Best

Industrial

$6.83M

$5.98M – $7.97M (±1% cap)

NOI $478,339 @ 7.0% cap · market cap 9.11%

Theoretical Best

Office A

$18.10M

$15.84M – $21.12M (±1% cap)

NOI $1,267,200 @ 7.0% cap · market cap 24.14%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Manufacturing properties

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 97503, OR

12,349

Population

4,708

Households

2.6

Avg Household Size

36

Median Age

12%

College-Educated

78%

High-School Grad

81.7 sq mi

ZIP Area

151

Density / Sq Mi

$65,040

Median Household Income

$35,834

Median Earnings

$1,082

Median Rent

$299,500

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

Questions? Ask Rey

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What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Warehouse/manufacturing space in White City Industrial Park.

Where is this manufacturing property located?

The property is located at 2350 Ave F White City, OR.

What is the asking price?

The asking price for this property is $5,250,000.

What are key features of this property?

This property features: Large 75,000 SF warehouse/manufacturing space; Located in the White City Industrial Park; Open layout suitable for various uses