602 Antler Ave Redmond, OR 97756
- Warehouses
- 195,520 SF
- 44.61 lot acres
Current Use by Public Records
- Warehouses
Property Details for 602 Antler Ave
- Lot size
- 44.61 lot acres
- Property size
- 195,520 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 100% occupied, 195,520 square foot industrial portfolio in Redmond, Oregon. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $1,314,600, providing immediate cash flow. Twelve tenants occupy the space under a modified lease structure. Situated on 44.61 acres, the property includes 30.61 acres of M-2 Heavy Industrial zoned land ready for future development, offering significant upside potential. The strategic location provides easy access to Highway 126 East, connecting to State Highway 20, and is 1.56 miles from Redmond Airport, with high visibility from Highway 97. The asking price is $28,780,287. This privately held asset presents a rare combination of immediate returns and long-term growth potential in a high-demand market. The existing buildings offer 195,520 square feet of rentable space. A confidentiality agreement is required for additional details. This is a value-add investment with current and immediate cash flow. The property is classified as Class B.
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
- Redmond
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.16
- Latitude
- 44.2765
