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Property summary
This exceptional investment opportunity presents the Kammerer Industrial Park, a multi-tenant industrial complex ideally situated near Corvallis, Oregon. The property encompasses 22.4 acres and comprises eleven buildings totaling 31,584 to 40,000 square feet, currently housing ten tenants. The property's diverse zoning, including Rural Industrial and Exclusive Farm Use (EFU), offers significant expansion potential (subject to county approval). The current tenants provide a stable income stream, contributing to a strong Net Operating Income (NOI) of $389,754, resulting in a 6.5% capitalization rate. The property benefits from low operating expenses due to its location outside city limits, utilizing two wells for water and septic systems for bathroom facilities. Three-phase power (240 and 440 volts) is readily available. The property's eleven units are valued at $545,445.45 each, with an asking price of $5,999,900. The seller is motivated and willing to offer financing, proposing a starting point of 20% down, 6.5% interest, a 25-year amortization with a 5-year call option, but open to a 10-year call option as well. This presents a compelling opportunity for investors seeking a stable, income-generating asset with significant upside potential. The property's location, zoning, and seller financing options make it a truly unique and attractive investment. The APN is 042840. The address is 720 NE Granger Ave, Corvallis, OR 97330.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising
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Industrial Manufacturer Production Facility
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Land Surveyor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
EFU,RI · Corvallis, ORZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for EFU,RI in Corvallis, OR.
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Find the owner behind the property.
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