78049 Or-207 Hermiston, OR 97838

This exceptional Hermiston, Oregon industrial property, located at 78049 OR-207, presents a compelling investment opportunity. The 50,000 square foot building, situated on a 100,000 square foot lot, is offered for sale at $3,000,000, representing a price per square foot of $60 and a price per unit of $130,434.78. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $180,000. Built in 1969, this Class C building features a clear-span design, ideal for various distribution or warehouse uses. The structure comprises one building with two stories and 23 units. The property includes six loading docks and four dock-high doors, facilitating efficient material handling. Ceiling height is 20 feet. The permitted zoning is HI (Heavy Industrial), and the property benefits from convenient access to Highway 207 and Interstate 84. Previously used as a fresh pack potato shed, the packing equipment is being removed, leaving large open spaces with smaller adjacent rooms. The lease type is NN+, and the tenancy is multi. The APN is 118245.