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.
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.
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Contacts
Brian Fratzke
Tom Tapia
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812 C St, Culver, Oregon, 97734
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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812 C St
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