Property summary
This exceptional 115,860 square foot industrial property, situated on a 3-acre lot in Silverton, Oregon's thriving industrial hub, presents a unique investment opportunity. Ideally located just 12 miles east of Salem and a similar distance to Interstate 5, this strategically positioned facility benefits from excellent access to major transportation routes and essential resources. The property boasts a rich history, having served as a USDA food processing plant and more recently as a plant-based jerky production facility. Constructed in 1940 with subsequent expansions in 1962, 1965, and 1980, the building is equipped with four electrical services ranging from 600 to 3,000 amps, ensuring ample power for diverse industrial operations. Significant upgrades totaling over $3 million have been completed since 2022, enhancing the property's functionality and appeal. The facility includes valuable existing cooler and freezer space, two convenient dock loading doors, and a wet fire system protecting 80% of the building's area. The property is fully fenced and provides ample parking with 160 spaces. Silverton's pro-business environment, coupled with nearby recreational amenities like the Silverton Reservoir and Oregon Garden, creates a compelling blend of work and leisure opportunities. This property is ready for immediate occupancy and presents a rare chance to acquire a well-maintained, extensively upgraded industrial facility in a highly desirable location.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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