242/284/292 Market St - Manufacturing FOR SALE


Klamath Falls, OR 97601
$660,000 USD
800-845-3524
242/284/292 Market St, Klamath Falls, OR for Sale
$660,000 USD
Manufacturing - FOR SALE
1/5
null | 10.3% Cap Rate

242/284/292 Market St
Klamath Falls, OR 97601


HIGHLIGHTS

  • Triple Net Leased 10,324 SF Industrial Buildings
  • Lease expires December 2028
  • Significant Price Reduction!

OVERVIEW

Significant price reduction! 10,324 sf triple net leased building on .54 acre site. There are two contiguous buildings on the site that total 10,324 square feet, with side yard. Both buildings are leased by Desert Lake Technologies for manufacturing Oregon Drytech dryers, a subsidiary of the tenant, used for its own operations. Additionally, Oregon Drytech dryers are sold to the food processing industry. The lease is through December 2028. The NOI is $67,980 with 3% increase due in November 2025 per terms of the NNN lease. All utilities serve the site. There is a small office and restroom. Bids due February 6, 2025 by 5:00 pm. Contact listing broker for bid package with additional property detail.

FOR SALE DETAILS

PRICE

$660,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

10.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Market Street Triple Net Leased Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.54

LAND SF

23,740

ZONING

LI

APN/PARCEL ID

R414634,R414643,R414652

ASK ABOUT THIS PROPERTY

Sharon PeedeRealty Marketing NorthwestMore Info
800-845-3524

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Sharon PeedeRealty Marketing NorthwestMore Info
800-845-3524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.