78049 Or-207 Hermiston, OR 97838
- Warehouses
- 50,000 SF
Current Use by Public Records
- Warehouses
Property Details for 78049 Or-207
- Year built
- 1969
- Property size
- 50,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
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
- Hermiston
- County
- Umatilla
- State
- Oregon
- Longitude
- -119.319
- Latitude
- 45.8013
