For Sale
$3,000,000

78049 Or-207Hermiston, OR 97838

High-yield warehouse, 50,000 sq ft, 6 docks

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional Hermiston, Oregon industrial property, located at 78049 OR-207, presents a compelling investment opportunity. The 50,000 square foot building, situated on a 100,000 square foot lot, is offered for sale at $3,000,000, representing a price per square foot of $60 and a price per unit of $130,434.78. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $180,000. Built in 1969, this Class C building features a clear-span design, ideal for various distribution or warehouse uses. The structure comprises one building with two stories and 23 units. The property includes six loading docks and four dock-high doors, facilitating efficient material handling. Ceiling height is 20 feet. The permitted zoning is HI (Heavy Industrial), and the property benefits from convenient access to Highway 207 and Interstate 84. Previously used as a fresh pack potato shed, the packing equipment is being removed, leaving large open spaces with smaller adjacent rooms. The lease type is NN+, and the tenancy is multi. The APN is 118245.

Highlights

  • Excellent access to Hwy 207 and I-84.
  • Heavy industrial zoning allows for a wide range of uses.

Property Details for 78049 Or-207

Property type
Warehouses, Industrial properties
Square Feet
50,000 SF
Class
C
Year Built
1969
Buildings
1
Stories
2
Units
23

Location Insight

City
Hermiston
County
Umatilla
State
Oregon
Latitude
45.8012703
Longitude
-119.3192975
78049 Or-207, Hermiston, Oregon

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78049 Or-207
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