Multi-Tenant Industrial Investment
Florence, OR 97439, Florence, OR 97439
Rare, well-maintained industrial property with value-add potential in Florence.
Type:Industrial
- Added:
- Nov 25, 2025
- Days on Market:
- 177
- Last Refresh:
- Apr 5 at 10:12 pm
Property Features
General Information
- Standard status
- Active
- Property subtype
- Industrial
Listing agent Zach Reichle License #OR #201246634 (503) 706-0562
Listing office (503) 706-0562
Listing date Nov 25, 2025
Source Macadamforbes
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 Zach Reichle
HighLights
- Rare multi‑tenant industrial investment opportunity in Florence's industrial district.
- High occupancy rate of 91.7% demonstrates strong demand.
- Significant value‑add opportunity with potential to increase NOI and rental rates.
- Two clearspan metal buildings totaling 20,982 SF of rentable area with 12 separate units.
- Each unit features a grade‑level door, bathroom, and separate utility metering.
- Current Cap Rate of 6.13% with a Pro‑Forma Cap Rate of 10.68%.
Overview
Located in the center of Florence's industrial district, this multi-tenant industrial investment opportunity features two clearspan metal buildings on just under one acre. The property has a rentable building area of 20,982 square feet, with 9,342 square feet in Building 1 (1725 Kingwood) and 11,640 square feet in Building 2 (1735 Kingwood). The property is 91.7% occupied and contains 12 separate units. Building 1 has five suites, while Building 2 has seven suites. Each unit includes a 12' x 14' grade-level door, a bathroom, and a mix of warehouse and office space, except for Unit 1735D, which has no office. Each unit is separately metered for utilities. The current rental rate is $8.985 per square foot per year, with a modified gross lease type. The pro-forma rental rate is $13.647 per square foot per year, with a triple net lease type. Given the high demand and virtually no vacancies in the Florence industrial market for small-bay industrial space, this well-maintained asset offers stability and a major value-add opportunity.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Game Thyme Food Truck — 2630 US-101, Florence, OR 97439
Map
- City
- Florence
- County
- Lane
- State
- Oregon
- Longitude
- -124.032
- Latitude
- 44.1259
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FAQs
What type of property is this?
Flex space - Rare, well-maintained industrial property with value-add potential in Florence.
Where is this flex space located?
The property is located at Florence, OR.
What are key features of this property?
This property features: Rare multi‑tenant industrial investment opportunity in Florence's industrial district.; High occupancy rate of 91.7% demonstrates strong demand.; Significant value‑add opportunity with potential to increase NOI and rental rates.
