630 Walnut St Hillsboro, OR 97123
- Industrial properties
- 167,000 SF
- 6.20 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 630 Walnut St
- Lot size
- 6.20 lot acres
- Property size
- 167,000 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
Exceptional investment opportunity: This 167,000 square foot, two-story flex industrial park in Hillsboro, Oregon, is situated on a 6.2-acre lot at 630 SW Walnut St, 97123. Currently 8.5% occupied, with an occupancy date of April 4, 2024, this property offers a unique net lease investment in the cannabis industry. The building features six loading docks, 50 parking spaces, and state-of-the-art security and fire systems. Water-cooled HVAC towers ensure efficient climate control. The property boasts ample power and is zoned 1-G. The asking price is $24,000,000, translating to $143.71 per square foot. The property underwent renovations five years ago. Leases include a 4% annual rent bump. Financing options are available. This is a rare opportunity to acquire a well-maintained, high-potential industrial park in a thriving market. The current cap rate is 8.5%.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Washington
- State
- Oregon
- Longitude
- -122.997
- Latitude
- 45.5143
