720 NE Granger Ave Corvallis, OR 97330
22-acre industrial complex with long-term tenants and expansion opportunities.
Type:Industrial
Lot size:
22.00 Acres- Added:
- Jan 27, 2023
- Days on Market:
- 1177
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 720 NE Granger Ave
General Information
- Standard status
- Active
- Lot size
- 22.00 Acres
- Property subtype
- Industrial
Listing agent Brian Weinhold License #200510090
Listing office Vanguard Realty Group
Listing date Jan 27, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Vanguard Realty Group
Overview
Industrial Complex with Expansion Potential
This industrial complex is located outside city limits and comprises 10 buildings, 1 residence, and a storage facility, situated on 22 acres. Approximately 4 acres are zoned Rural Industrial, while 18 acres are zoned EFU, offering room to expand subject to buyer's due diligence and county approval. The property benefits from low taxes due to its location outside city limits. Water is supplied by 2 wells, and bathrooms are served by septic systems, contributing to lower operating expenses. The complex features 240 and 440 3-phase power. Leases vary in terms, averaging about $1.25 per square foot per month. The tenant base is generally stable and long-term. Currently, there are 6 vacant spaces. Rents increase annually. Proforma income is calculated at $1.00 per foot ($12/ft annually), with a 5% vacancy rating and an 8% management fee. Seller carry financing is available with negotiable terms. The seller is motivated and willing to carry at lower than market terms and rates.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CNC Wood Cutters
Marketing & Advertising
Pellucere Technologies
Industrial Manufacturer
Darryl Harms Surveyor
Land Surveyor
Location Insight
- Map
- Local Demand
- City
- Corvallis
- County
- Benton
- State
- Oregon
- Longitude
- -123.2348886
- Latitude
- 44.6285307
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - 22-acre industrial complex with long-term tenants and expansion opportunities.
Where is this industrial property located?
The property is located at 720 NE Granger Ave Corvallis, OR.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Seller financing available with negotiable terms.; Significant income potential from a multi‑building industrial complex with long‑term tenants and annual rent increases.; Low operating expenses due to location outside city limits (no city taxes, well water, septic systems).
