flex - 3 buildings & 2 lots w/income for sale...salem fine woodworking 3645 1,456 3/1/19 2/28/22...
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FLEX - 3 BUILDINGS & 2LOTS W/INCOME FOR SALE3603-3647 Candlewood Court, 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
925 Commercial St. SE, Suite 220Salem, OR 97302
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OFFERING SUMMARY
Sale Price: $1,690,000
Cap Rate: 6.11%
NOI: $103,281.65
Lot Size: 0.68 Acres
Building Size: 12,443
Zoning: IG
Price / SF: $135.82
PROPERTY OVERVIEW
FULLY LEASED! 3 Freestanding Multi Tenant Flex Buildings and 2Developable lots on 5 separate IG Zoned tax parcels. All parcelsmay be sold separately or as a portfolio for a discounted rate. 10Total units - 9 occupied 1 vacant and 2 gated lots for lease.Owner prefers to sell vacant lots with adjacent flex buildings. Seeflyer for details. Please call listing Broker for showing instructions.
PROPERTY HIGHLIGHTS
• GROSS INCOME: $140,993.49
• CAP RATE: 6.11%
• NOI: $103,281.65
• IG Zone
• 5 Tax Parcels
• 3 Freestanding Buildings - FULLY LEASED!
• 2 Developable Lots
• 10 Total Flex Suites
• 9 Occupied - 1 Vacant
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EXECUTIVE SUMMARYFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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LOCATION INFORMATION
Building Name FLEX - 3 Buildings & 2 Lots w/Income for Sale
Street Address 3603-3647 CandlewoodCourt
City, State, Zip Keizer, OR 97303
County Marion
Signal Intersection No
BUILDING INFORMATION
NOI $103,281.65
Cap Rate 6.11
Tenancy Multiple
Free Standing No
PROPERTY HIGHLIGHTS
• Keizer Oregon Location
• 3 PARCEL PORTFOLIO PRICE $1,690,000
• PROPERTY 1 - $700,000
• PROPERTY 2 - $550,000
• PROPERTY 3 - $525,000
• IG Zone
• Income Producing Investment Property
• 3 Freestanding Buildings
• 2 Developable Lots
• 10 Total Flex Suites
• 9 Occupied - 1 Vacant
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COMPLETE HIGHLIGHTSFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
1FINANCIAL ANALYSIS
925 Commercial St. SE, Suite 220Salem, OR 97302
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INVESTMENT OVERVIEW FLEX - 3 BUILDINGS & 2 LOTS W/INCOME - IG ZONE
Price $1,690,000
Price per SF $135.82
CAP Rate 6.11%
Cash-on-Cash Return (yr 1) 6.11 %
Total Return (yr 1) $103,281
OPERATING DATA FLEX - 3 BUILDINGS & 2 LOTS W/INCOME - IG ZONE
Gross Scheduled Income $148,414
Total Scheduled Income $148,414
Vacancy Cost $7,420
Gross Income $140,993
Operating Expenses $37,711
Net Operating Income $103,281
Pre-Tax Cash Flow $103,281
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FINANCIAL SUMMARY - ACTUALFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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TENANT
NAME
UNIT
NUMBER
UNIT
SIZE (SF)
LEASE
START
LEASE
END
ANNUAL
RENT
% OF
BUILDING
PRICE
PER SF/YR
SnackMex 3603 945 8/1/19 7/31/21 $11,700 7.59 $12.38
The Gillespie Grp 3613 910 M2M $10,800 7.31 $11.87
Kavan Woodcock 3623 1,610 5/1/20 4/30/22 $16,200 12.94 $10.06
White Glove Detailing 3633 1,636 3/1/20 2/28/22 $18,600 13.15 $11.37
SnackMex 3643 1,056 7/1/20 6/30/21 $10,800 8.49 $10.23
Salem Fine Woodworking 3645 1,456 3/1/19 2/28/22 $16,747 11.7 $11.50
Thora Enterprises 3647 1,585 4/10/19 5/31/22 $16,167 12.74 $10.20
Snack Mex 3642 945 8/1/19 7/31/21 $10,800 7.59 $11.43
American Restoration 3644-3646 1,650 3/1/19 2/28/22 $24,720 13.26 $14.98
PENDING YARD WEST 4,340 $5,940 34.88 $1.37
PENDING YARD EASE 4,430 $5,940 35.6 $1.34
Totals/Averages 20,563 $148,414 $7.22
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RENT ROLL - ACTUALFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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ADDITIONAL PHOTOSFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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Keizer, OR
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REGIONAL MAPFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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AERIAL MAPSFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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POPULATION 1 MILE 2 MILES 3 MILES
Total Population 12,393 53,489 109,894
Average age 32.0 31.5 33.0
Average age (Male) 31.2 30.2 31.8
Average age (Female) 32.3 33.1 34.4
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 4,529 19,540 39,818
# of persons per HH 2.7 2.7 2.8
Average HH income $43,926 $48,834 $51,317
Average house value $194,087 $196,042 $201,947
* Demographic data derived from 2010 US Census
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DEMOGRAPHICS MAP & REPORTFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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OAR DISCLOSUREFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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OAR DISCLOSUREFLEX - 3 Buildings & 2 Lots w/Income for Sale 3603-3647 Candlewood Court, Keizer, OR 97303
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