Tennessee Rd Lebanon, OR 97355
- Industrial properties
- 12,000 SF
- 0.70 lot acres
Current Use by Public Records
- Industrial properties
Property Details for Tennessee Rd
- Lot size
- 0.70 lot acres
- Property size
- 12,000 SF
- Property type
- Industrial properties
Description
This exceptional industrial investment property in Lebanon, Oregon offers 12,000 square feet of low-maintenance, newer construction warehouse space situated on a 0.7-acre lot. Its prime location provides easy access to Interstate 5 in the mid-Willamette Valley, a market currently experiencing low vacancy rates. The property boasts a stabilized multi-tenant occupancy, with a portion currently occupied by the seller who is prepared to lease back under favorable terms, ensuring immediate and consistent cash flow. The current capitalization rate, based on actual income, is in the mid-6% range, with a realistic pro forma projecting a rate in the mid-7% range, representing a significant upside potential for the investor. This presents a rare opportunity to acquire a below-market replacement cost asset generating substantial and growing returns. The property's modern construction and low-maintenance design minimize operational expenses, further enhancing its profitability. This is an ideal investment for those seeking a stable, high-yield asset in a desirable location with strong growth prospects. The seller's lease-back agreement provides a seamless transition and immediate income stream.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Linn
- State
- Oregon
- Longitude
- -122.898
- Latitude
- 44.546
