The property offers an industrial building with a paved yard and excess land available for sale. The steel frame building is in excellent condition. It was built in 1996 and is currently occupied by two tenants. The building includes approximately 18,050 SF of office space, for which the tenants are currently not being surcharged. The excess land can support a ~60k SF building or an expansion of the paved yard. * Investors: The building poses a compelling value-add opportunity through future leasing and captures the value of the excess land. With a basis below the replacement cost and under market rents, there is a path to enhancing the return over time. * Developers: With in-place income and 2-year WALT, the site is a 20.4 -acre blank canvas that can be developed or expanded onto the excess land while maintaining the current structure. * Users: The southern space, 70k SF, will be ready to occupy in January 2026, creating an opportunity to use the building in the near term while maintaining the benefits of the supplemental income from the existing tenant and the extra land. Woodburn is a rapidly growing submarket approximately 20 minutes south of the Portland Metro on Interstate 5. Thousands of new homes have been built in Woodburn over the last few years, and construction continues on hundreds of acres of residentially zoned land in the southern part of the City. The City has virtually no industrial lands available to help catch up with the growth, putting a premium on existing buildings. Amazon recently completed a 3,800,000-square-foot facility in Woodburn with an expected employment count of 2,500. Additionally, Woodburn is home to approximately 8,465,000 square feet of industrial product with a vacancy rate of less than 1.5%. Being positioned on I-5 between Portland and Salem, Woodburn is poised to capture users in the overall region as well.