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Property profile

35 Cherry Ln Madras, OR 97741

OFF-MARKET
Warehouses
12,000 SF 3.3 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional Class A industrial property, Eagle Ridge Business Park Phase 2, offers 12,000 square feet of versatile space in Madras, Oregon. Located at 35 NW Cherry Ln, 97741, this new construction (2024 completion) boasts three suites, with a minimum divisible space of 2,550 square feet and up to 12,000 contiguous square feet. The property features two buildings, each single-story, situated on 3.3 acres of land with 250 feet of frontage along US Hwy 26. Enjoy excellent visibility and convenient access. Each unit includes two loading docks with dock-high doors (12' x 14'), ample parking (20 spaces), and additional outside storage with roll-up doors. Inside, find small office spaces and ADA-compliant restrooms. The building is fully fire-sprinkled and serviced by Pacific Power and natural gas. This prime location is adjacent to the Madras Industrial Park, home to major companies like Bright Wood Corporation, Erickson Aero Tanker Base, Daimler Trucks North America, and Foster Manufacturing. The property is zoned for industrial use and falls within the Bend, Redmond, Prineville, Culver submarket of Central Oregon. This is an unparalleled opportunity for businesses seeking modern, efficient, and strategically located industrial space.

Property profile

Verified
Property type Warehouses
Year built 2024
Total area 12,000 SF
Lot 3.3 ac (143,748 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35 Cherry Ln Madras, OR 97741
Madras metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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