2500 Industrial Ave Hubbard, OR 97032

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.

Location Insight

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