1122 & 1130 CANDLEWOODINDUSTRIAL
NEW CONSTRUCTION1122-1130 Candlewood Dr. NE, Keizer, OR 97303
I N D U S T R I A L P R O P E R T Y | F O R S A L E
PRESENTED BY:
AJ NASH
Licensed Principal Broker in Oregon
RICH KARLSON
Licensed CRE Broker in OR & WA
2195 Hyacinth St NESalem, OR 97301
HTTPS:TRADITIONREP.COM
1PROPERTY INFORMATION
2195 Hyacinth St NESalem, OR 97301
HTTPS:TRADITIONREP.COM
PAGE: 3
HTTPS:TRADITIONREP.COM
PROPERTY OVERVIEW
12 OF 13 UNITS LEASED! INDUSTRIAL FLEX & STORAGE, NEW CONSTRUCTION. 1122& 1130 Candlewood Dr is new construction industrial flex and self storage built in 2020.1130 Candlewood is a flex industrial building consisting of four fully leased spaces witha total square footage of 8,549. Each unit offers a mezzanine office and privaterestroom. 1122 Candlewood is a self storage space consisting of 8 units with a totalsquare footage of 8,104. Units include one man door and one 12' x 14' drive-in baydoor. Located in Keizer near the Salem Parkway with easy I-5 access.
PROPERTY HIGHLIGHTS
• 12 OF 13 UNITS LEASED!
• 5.8% Existing Cap Rate
• 6.95% Proforma Cap Rate
• New Construction
• Flex Industrial & Storage
• 1130 Candlewood Building A
• 4 Flex Spaces with Mezzanine Office
• Private Bathroom
• 1122 Candlewood Building B
• 8 Storage Spaces - 1,013 SF each
• 12' x 14' Drive-In Bay Door
• I-5 Access
OFFERING SUMMARY
Sale Price: $1,850,000
Building Size: 16,653 SF
Available SF:
Lot Size: 1.9 Acres
Price / SF: $111.09
Cap Rate: 5.68%
NOI: $105,052
Year Built: 2020
Zoning: IBP
Market: 10 Keizer
1 | P R O P E R T Y I N F O R M AT I O N
EXECUTIVE SUMMARYINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
PAGE: 4
HTTPS:TRADITIONREP.COM
1 | P R O P E R T Y I N F O R M AT I O N
EXTERIOR PHOTOSINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
2LOCATION INFORMATION
2195 Hyacinth St NESalem, OR 97301
HTTPS:TRADITIONREP.COM
PAGE: 6
HTTPS:TRADITIONREP.COM
Keizer, OR
2 | L O C AT I O N I N F O R M AT I O N
REGIONAL MAPINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
PAGE: 7
HTTPS:TRADITIONREP.COM
2 | L O C AT I O N I N F O R M AT I O N
AERIAL MAPSINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
3FINANCIAL ANALYSIS
2195 Hyacinth St NESalem, OR 97301
HTTPS:TRADITIONREP.COM
PAGE: 9
HTTPS:TRADITIONREP.COM
INVESTMENT OVERVIEW
Price $1,850,000
Price per SF $111.09
CAP Rate 6.49%
Cash-on-Cash Return (yr 1) 5.68 %
Total Return (yr 1) $105,052
Debt Coverage Ratio -
OPERATING DATA
Gross Scheduled Income $142,524
Other Income -
Total Scheduled Income $142,524
Vacancy Cost $7,126
Gross Income $135,397
Operating Expenses $30,344
Net Operating Income $105,052
Pre-Tax Cash Flow $105,052
3 | F I N A N C I A L A N A LY S I S
FINANCIAL SUMMARYINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
PAGE: 10
HTTPS:TRADITIONREP.COM
UNITNUMBER
UNITSIZE (SF)
ANNUALRENT
% OFBUILDING
PRICEPER SF/YR
1122 - Unit 101 1,013 $8,340 6.08 $8.23
1122 - Unit 102 1,013 $8,340 6.08 $8.23
1122 - Unit 103 1,013 $7,140 6.08 $7.05
1122 - Unit 104 1,013 $7,140 6.08 $7.05
1122 - Unit 105 1,013 $8,100 6.08 $8.00
1122 - Unit 106 1,013 $7,140 6.08 $7.05
1122 - Unit 107 1,013 $7,140 6.08 $7.05
1122 - Unit 108 1,013 $7,140 6.08 $7.05
1130 - Unit 101 2,416 $46,236 14.51 $19.14
1130 - Unit 102 2,425 $21,825 14.56 $9.00
1130 - Unit 103 1,874 $17,100 11.25 $9.12
1130 - Unit 104 1,834 $18,708 11.01 $10.20
16,653 $164,349 $9.87
3 | F I N A N C I A L A N A LY S I S
RENT ROLLINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
4DEMOGRAPHICS
2195 Hyacinth St NESalem, OR 97301
HTTPS:TRADITIONREP.COM
PAGE: 12
HTTPS:TRADITIONREP.COM
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 12,340 107,709 206,924
Average age 32.5 33.1 33.9
Average age (Male) 31.7 32.0 32.8
Average age (Female) 32.8 34.5 35.2
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 4,552 39,080 76,314
# of persons per HH 2.7 2.8 2.7
Average HH income $44,798 $51,583 $53,022
Average house value $197,864 $200,623 $206,878
* Demographic data derived from 2010 US Census
4 | D E M O G R A P H I C S
DEMOGRAPHICS MAP & REPORTINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
4 | D E M O G R A P H I C S
OAR DISCLOSUREINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
PAGE: 13
HTTPS:TRADITIONREP.COM
4 | D E M O G R A P H I C S
OAR DISCLOSUREINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303
PAGE: 14
HTTPS:TRADITIONREP.COM