873 Willamette Ave, Stayton, OR 97383
Rentable Bldg Area: 18,000 SF
Land Area: 40,075 SF
Pro Forma Cap Rate: 10.02%
FULLY LEASED SINGLE-TENANT WAREHOUSE INVESTMENT
Excellent opportunity for incoming investor to capitalize on a fully leased, easy-to-manage industrial property.
SIGNIFICANT RENTAL UPSIDE
The existing lease is roughly 40% below market, presenting
opportunity for substantial future income growth. The current tenant has (1) 3-year option to renew at CPI in April 2024, which gives an investor a hedge against inflation in year one of ownership.
ESTABLISHED TENANT WITH SIGNIFICANT LOCAL PRESENCE
JELD-WEN, Inc. is an international windows & doors manufacturer with over 23,000 employees and 120 manufacturing facilities
globally. They own and operate a 150,000 SF manufacturing facility immediately across Willamette Ave and have occupied
this property for over 10 years, making it extremely strategic for JELD-WEN long-term.
HIGH BARRIER TO ENTRY
This property provides an investor with the opportunity to break into a rapidly growing submarket with constraints on small-suite industrial.
ATTRACTIVE BASIS BELOW REPLACEMENT COST
The property is being offered deeply below the cost of replacement.
STRATEGIC LOCATION WITH GROWTH POTENTIAL
Situated in a growing industrial market, this asset is poised to
benefit from the area’s ongoing development and long-term
The Vara Group is delighted to introduce this exclusive sale opportunity for a strategically located industrial property at 873 Willamette Ave in Stayton, OR. This impressive 18,000 SF single-tenant warehouse has been the proud home of the nationally recognized JELD-WEN for over a decade. JELD-WEN, a national
leader in window and door manufacturing since its establishment in 1960, has also owned and operated the 150,000 SF manufacturing facility adjacent to the subject property for over two decades.
With an existing lease priced at roughly 60% below market and one remaining 3-year option at CPI, this building presents an opportunity for substantial future growth while providing a hedge against inflation. The property boasts outstanding functionality, featuring substantial loading capacity through three roll-up door access points. Spanning over .92 acres and offering seamless
connectivity to OR 22 and I-5, this asset is ideally positioned to offer the savvy investor an opportunity to capitalize on the rapidly growing industrial submarket.