630 Walnut StHillsboro, OR 97123

For Sale
$24,000,000

Cannabis Flex Space, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
96
Exceptional investment opportunity: This 167,000 square foot, two-story flex industrial park in Hillsboro, Oregon, is situated on a 6.2-acre lot at 630 SW Walnut St, 97123. Currently 8.5% occupied, with an occupancy date of April 4, 2024, this property offers a unique net lease investment in the cannabis industry. The building features six loading docks, 50 parking spaces, and state-of-the-art security and fire systems. Water-cooled HVAC towers ensure efficient climate control. The property boasts ample power and is zoned 1-G. The asking price is $24,000,000, translating to $143.71 per square foot. The property underwent renovations five years ago. Leases include a 4% annual rent bump. Financing options are available. This is a rare opportunity to acquire a well-maintained, high-potential industrial park in a thriving market. The current cap rate is 8.5%.

Highlights

  • Exceptional investment opportunity: 167,000 SF, two-story flex industrial park in Hillsboro, OR.
  • Cannabis-focused industrial park with 8.5% current occupancy, April 4, 2024 occupancy date.
  • 6.2-acre lot at 630 SW Walnut St, Hillsboro, OR 97123; $24,000,000 asking price ($143.71/SF).
  • Features six loading docks, 50 parking spaces, state-of-the-art security and fire systems, water-cooled HVAC, ample power, and I-G zoning.
  • Renovated five years ago; 8.5% cap rate; 4% annual rent increases; financing available.

Property Details for 630 Walnut St

Property type
Other industrial properties, Flex space
Square Feet
167,000 SF
Year Renovated
5
Buildings
1
Stories
2
Lot Size (sq. ft)
270,072 SF

Location Insight

City
Hillsboro
County
Washington
State
Oregon
Latitude
45.514322022291
Longitude
-122.99719365491
630 Walnut St, Hillsboro, Oregon

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630 Walnut St
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