2500 Industrial Ave Hubbard, OR 97032-9558
Property Lookup
Property profile & analytics
2500 Industrial Ave Hubbard, OR 97032-9558
- Manufacturing properties
- 10,000 SF
- 1.09 lot acres
Property ID
US71-1817995
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Axis Crane / Construction Company / General Contractor
Property Details for 2500 Industrial Ave
- Year built
- 1998
- Lot size
- 1.09 lot acres
- Property size
- 10,000 SF
- Zone code
- I
- Property type
- Manufacturing properties
- APN
- 041W33DD00700
- APU
- 041W33DD00700
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $3,570,000
- MEDICAL BUILDING
- $3,215,000
- RESTAURANT
- $3,040,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hubbard
- County
- Marion
- State
- Oregon
- Longitude
- -122.806
- Latitude
- 45.174
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,017
$0.00
$0.00
$923,700
-
$178,050
$1,205,370
$1,383,420
