Net Leased Industrial Building with
5759 Crater Lake Highway Central Point, OR 97502
5759 Crater Lake Highway, Central Point, OR, 97502
$2,225,000
For Sale
$2,225,000
Single-tenant industrial property includes a 114,000 SF CMU building, grade-level doors, and a fenced, graveled yard.
Property Size14,000 SF
Lot Size3.51 Acres
Price / SF$158.93
Days on Market10
Property Features for 5759 Crater Lake Highway
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Lot size
- 3.51 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
Merit Commercial RE,LLC
Listed by
Christopher Chamberlain
(541) 548-2131
Source
Century21northhomes
Added: Jul 13 Updated: Jul 21 at 7:45AM Checked: Jul 21 at 7:45AM
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
Investment Insights
Based on property information with market context.
This net leased industrial asset is a corporate-guaranteed, single-tenant property leased to Roofline Supply, a subsidiary of SRS Distribution, through 2/14/2031 following two lease extensions. The approximately 114,000 SF CMU building includes a public sales and service area, two warehouse sections with racking and efficient forklift flow, and two mezzanines totaling approximately 12,000 SF with offices, a breakroom, and storage.
The site spans 3.51 acres and features a fenced, level, graveled yard totaling approximately 2.36 acres, with rear and side-drive access, plus 26 paved parking stalls. The building provides access via (5) 12'x14' and (1) 12'x7' grade-level doors. The property has approximately 210 feet of frontage on Hwy 62, full-movement driveway access, and visibility supported by a large dual-sided lighted monument sign.
The property is located in a federal Opportunity Zone.
The site spans 3.51 acres and features a fenced, level, graveled yard totaling approximately 2.36 acres, with rear and side-drive access, plus 26 paved parking stalls. The building provides access via (5) 12'x14' and (1) 12'x7' grade-level doors. The property has approximately 210 feet of frontage on Hwy 62, full-movement driveway access, and visibility supported by a large dual-sided lighted monument sign.
The property is located in a federal Opportunity Zone.
Key Highlights
- Single‑tenant net leased industrial building on 3.51 acres in Central Point, OR, built in 1978
- Leased to Roofline Supply (subsidiary of SRS Distribution) through 2/14/2031 following two lease extensions
- 114,000 SF CMU industrial building with public sales/service area plus two warehouse sections with racking and forklift flow
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $302.4k | $21.60 |
| − Vacancy | −$25.7k | −$1.84 |
| EGI | $276.7k | $19.76 |
| − OpEx | −$83.0k | −$5.93 |
| NOI | $193.7k | $13.83 |
14,000 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.77M
$2.42M – $3.23M
NOI $193,687 @ 7.0% cap · market cap 8.71%
Second Best
Flex RnD
$1.82M
$1.60M – $2.13M
NOI $127,628 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,544 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Single-tenant industrial property includes a 114,000 SF CMU building, grade-level doors, and a fenced, graveled yard.
Where is this flex space located?
The property is located at 5759 Crater Lake Highway Central Point, OR.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Single‑tenant net leased industrial building on 3.51 acres in Central Point, OR, built in 1978; Leased to Roofline Supply (subsidiary of SRS Distribution) through 2/14/2031 following two lease extensions; 114,000 SF CMU industrial building with public sales/service area plus two warehouse sections with racking and forklift flow
