Industrial Complex with Expansion
For Sale
Contact for pricing
720 NW Granger Ave, Corvallis, OR 97330
22-acre industrial complex with long-term tenants and expansion opportunities.
Property SizeContact for details
Lot Size22.00 Acres
Days on Market1301
Property Features for 720 NW Granger Ave
General Information
Standard status
Active
Lot size
22.00 Acres
Property subtype
Industrial
Zoning
Rural Industrial & EFU
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$375,755
Building Details
Buildings
11
Units
17
Tenancy
Multi
Listing Agency:
Vanguard Realty Group
(541) 753-4392
Listed By:
Brian Weinhold · License #200510090
Source:
Crexi
Added: Jan 27, 2023
Changed: Aug 17
Last Checked: Aug 19 at 10:38PM
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 Vanguard Realty Group
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 97330, OR
43,947
Population
19,957
Households
2.2
Avg Household Size
33
Median Age
60%
College-Educated
96%
High-School Grad
78.0 sq mi
ZIP Area
563
Density / Sq Mi
$69,127
Median Household Income
$28,966
Median Earnings
$1,339
Median Rent
$495,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
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 NW 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).
