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812 C St Culver, OR 97734

Sponsored
For Sale
$6,350,100

6.5% Cap Rate, NNN Lease, $6.35M

Property size:
66,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a 66,000-square-foot industrial facility in Culver, Oregon, situated on a 6.8-acre lot (M1 zoning). The property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $412,800 annually ($34,400 monthly). Currently under an absolute NNN lease with a credit-rated tenant, DS Services of America (dba Primo Water/Sierra), a company with over $1 billion in 2023 gross annual sales, the lease extends until June 20, 2029, offering a remaining term of approximately 4.6 years with 3% annual escalations. The single-story building, renovated in 2015 and 2021, features four dock-high doors with levelers and seals, a wet fire suppression system, 480-volt 3-phase power (1000 amps), and a clear height of 19 feet. The building includes approximately 66,000 square feet of warehouse space, plus over 3,700 square feet of office space, a conference room, and breakroom. The property is strategically located just off Highway 97/Highway 26, a major trucking route, offering convenient access to key transportation corridors. This is a rare opportunity to acquire a high-quality, net-leased industrial asset with a secure, long-term tenant and significant upside potential. The asking price is $6,350,100. Racking equipment may be included in the sale or sold separately.

Property Features for 812 C St

General Information

Property type
Distribution properties
Square Feet
66,000 SF
Lot Size
296,208 SF

Building Details

Year Renovated
2015
Buildings
1
Stories
1
Units
1

HighLights

  • Investment opportunity with a 6.50% cap rate.
  • $6,350,100 sales price.
  • $412,800 annual net operating income (NOI), or $34,400 monthly.
  • Triple‑net (NNN) lease to credit‑rated tenant, DS Services of America (Primo Water/Sierra), a $1 billion+ company.
  • Lease expiration: 6/20/2029 (4.6 years remaining); 3% annual escalations.
Property Profile Location Intelligence

Current Use by Public Records

EARTH2O Bottled Water Supplier

Suggested Use

Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store Department Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Culver
County
Jefferson
State
Oregon
Longitude
-121.3948665
Latitude
44.5607769

FAQs

What type of property is this?
Distribution property - 6.5% Cap Rate, NNN Lease, $6.35M
Where is this distribution property located?
The property is located at 812 C St Culver, OR.
What is the asking price?
The asking price for this property is $6,350,100.
What are key features of this property?
This property features: Investment opportunity with a 6.50% cap rate.; $6,350,100 sales price.; $412,800 annual net operating income (NOI), or $34,400 monthly.
More about this property
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