Manufacturing Facility with Cold
For Sale
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2890 Lee Road, Prosser, WA 99350
Wine-production property combines climate-controlled storage, hospitality areas, production infrastructure, and included processing equipment.
Property Size39,980 SF
Price / SF$95.05
Days on Market147
Property Features for 2890 Lee Road
General Information
Standard status
Active
Size
39,980 SF
Property subtype
Retail, Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
1
Three-Phase Power
Yes
Cold Storage
Yes
Cold Storage Area
20,000 SF
Building Details
Year Built
1999
Buildings
3
Construction
steel frame
Listing Agency:
Kidder Mathews Seattle
Listed By:
Mike King · License #73746
(206) 926-9292
Source:
Crexi
Added: May 22
Changed: Oct 13
Last Checked: Oct 14 at 9:07PM
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 Kidder Mathews Seattle
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Investment Insights
Based on property information with market context.
This manufacturing property includes three steel-frame buildings with insulated walls, high ceilings, and systems configured for wine production, climate-controlled fermentation, and barrel aging. The original building, constructed in 1999, contains a tasting room, retail area, event space, executive offices, mezzanine, and production area. Additions completed in 2008 include a climate-controlled cold barrel storage building and a shop.
Production infrastructure includes a dock-high loading dock with dock leveler, covered crush pad, floor drains, glycol chiller, heat exchange systems, and three-phase electrical service. The hospitality wing adds customer restrooms, a commercial prep kitchen, retail merchandising space, outdoor patio, and event lawn. Included equipment ranges from stainless-steel fermentation tanks and a bottling line to barrel racks, vacuum pumps, a KLR wine press, ozone sanitation equipment, and cellar tools.
The property is located on Lee Road in Prosser, near Mercer Wine Estates, Alexandria Nicole Cellars, and the Prosser Wine & Food Park. Interstate 82 is less than two miles away, with distribution access toward the Tri-Cities metropolitan area, Yakima, Seattle, and Portland.
Production infrastructure includes a dock-high loading dock with dock leveler, covered crush pad, floor drains, glycol chiller, heat exchange systems, and three-phase electrical service. The hospitality wing adds customer restrooms, a commercial prep kitchen, retail merchandising space, outdoor patio, and event lawn. Included equipment ranges from stainless-steel fermentation tanks and a bottling line to barrel racks, vacuum pumps, a KLR wine press, ozone sanitation equipment, and cellar tools.
The property is located on Lee Road in Prosser, near Mercer Wine Estates, Alexandria Nicole Cellars, and the Prosser Wine & Food Park. Interstate 82 is less than two miles away, with distribution access toward the Tri-Cities metropolitan area, Yakima, Seattle, and Portland.
Key Highlights
- Three‑building manufacturing property with wine‑production and climate‑controlled storage improvements
- 1999 original structure with tasting room, retail area, event space, offices, mezzanine, and production area
- 2008 additions include a climate‑controlled cold barrel storage building and a shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$316,958
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,339,160
$6.3M
Cap Rate 7%
$4,527,971
$4.5M
Cap Rate 9%
$3,521,756
$3.5M
Market Conditions
NOI Build-Up for 39,980 SF
Gross rent
$527.7K $13.20/SF
− Vacancy
−$40.1K −$1.00/SF
EGI
$487.6K $12.20/SF
− OpEx
−$170.7K −$4.27/SF
NOI
$317.0K $7.93/SF
Area
Benton County, WA
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,339,160
Cap Rate 7%
$4,527,971
Cap Rate 9%
$3,521,756
Alternative Uses
Best Use
Flex RnD
$4.53M
$3.96M – $5.28M
NOI $316,958 @ 7.0% cap · market cap 8.34%
Second Best
Warehouse
$3.57M
$3.12M – $4.17M
NOI $249,999 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$11.09M
$9.70M – $12.94M
NOI $776,229 @ 7.0% cap · market cap 20.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 99350, WA
13,240
Population
4,954
Households
2.7
Avg Household Size
36
Median Age
20%
College-Educated
79%
High-School Grad
600.1 sq mi
ZIP Area
22
Density / Sq Mi
$74,393
Median Household Income
$35,976
Median Earnings
$899
Median Rent
$289,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Wine-production property combines climate-controlled storage, hospitality areas, production infrastructure, and included processing equipment.
Where is this manufacturing property located?
The property is located at 2890 Lee Road Prosser, WA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Three‑building manufacturing property with wine‑production and climate‑controlled storage improvements; 1999 original structure with tasting room, retail area, event space, offices, mezzanine, and production area; 2008 additions include a climate‑controlled cold barrel storage building and a shop
