for sale 1122 & 1130 candlewood industrial new construction

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

[email protected]

Licensed Principal Broker in Oregon

RICH KARLSON

[email protected]

Licensed CRE Broker in OR & WA

2195 Hyacinth St NESalem, OR 97301

HTTPS:TRADITIONREP.COM

1PROPERTY INFORMATION



PAGE: 3


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

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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



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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

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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



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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


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



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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


OAR DISCLOSUREINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303

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OAR DISCLOSUREINDUSTRIAL - 1122 & 1130 Candlewood Industr ia l - NEW CONSTRUCTION 1122-1130 Candlewood Dr. NE, Keizer, OR 97303

PAGE: 14


for sale 1122 & 1130 candlewood industrial new construction

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