2500 Industrial Ave, Hubbard, OR 97032-9558

This fee-simple industrial property, located at 2500 Industrial Ave, Hubbard, OR 97032, presents a compelling investment opportunity. The 10,000 square foot building sits on a 7.1-acre lot and is fully leased to Maxim Crane Works, a leading provider of lifting services in North America, under a net lease (NNN) agreement. The lease commenced May 17, 2019, with a remaining term of 6.5 years and includes two 10-year renewal options with six months' notice. The lease features attractive 2.5% annual rent increases, providing an inflation hedge. The property boasts durable concrete construction, built in 1998, and offers 50 parking spaces. Its strategic location, adjacent to State Highway OR-99E and Interstate 5, provides easy access to downtown Portland (25 miles). The property's NOI is $387,681, yielding a 6.79% cap rate, with an asking price of $6,000,000. The tenant's parent company, Maxim Crane Works Holdings Capital, LLC, fully guarantees the lease and reports annual revenue nearing $1 billion. This offering presents a rare opportunity to acquire a well-located, net-leased industrial asset in a high-growth market with significant upside potential. The property's zoning is rare for the region, making it a strong covered land play. The concrete construction and ample laydown yard space further enhance its value and appeal. This is an ideal 1031 exchange opportunity.