Property profile

310 Larch St Bingen, WA 98605

OFF-MARKET
Industrial properties
Property ID
US90-2807428
23,055 SF Built 2014
Entity Owned Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity: This 30,000 square foot flex/warehouse building in Cook, Washington, presents a compelling 8% cap rate. Located at 310 South Larch Street, this Class B industrial property boasts a desirable location within the Bingen Point Business Park in the scenic Columbia River Gorge. Built in 2013 and renovated in 2017, the two-story building sits on a 2.25-acre lot (APN: 0311320000070) and features a 16-foot ceiling height. The property is currently occupied by Zepher, a local engineering and manufacturing company, under a sale-leaseback agreement to be finalized at closing, ensuring immediate cash flow. This ideal manufacturing facility includes 480v 3-phase power, convenient dock and grade-level loading, ample parking, and high-quality office space. The property benefits from its proximity to other established businesses in the park, including Insitu, Kerrits, and Custom Interface Inc. The land is leased from the Port of Klickitat, offering a secure and advantageous long-term investment. The asking price is $4,250,000 ($141.67/SF) with a triple net (NNN) lease. This single-tenant property offers a stable and lucrative investment opportunity in a prime location. The permitted zoning is Industrial.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2014
Total area 23,055 SF
APN 55031132001000
UPID US90-2807428

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Business Management Consultant

Location

310 Larch St Bingen, WA 98605-8908
Bingen metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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