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115 SE Yamhill 111 SE Yamhill St

29,400 SF 100% Leased Industrial Building Portland, OR 97214 $8,100,000 ($276/SF) 7% Cap Rate

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Investment Highlights

7 dock doors, 1 ramped grade door
Offices air conditioned and remodeled in 2017 /13,328 sf of warehouse is partially air conditioned
Seller providing new exterior paint and new awnings 2022 / Seller providing new parking lot seal coat and stripping 2022

19 onsite parking spaces on south side additional parking available in fenced yard on north side + parking adjacent to building on east side.
Seller installing new roof in 2022 / Seller installing 2 new 600 amp 277/480 volt 3 phase panels 2022
Close Proximity to Downtown, I-5, Hwy 84. Near lively dining and retail districts, TriMet & Bus Routes

Executive Summary

Available for owner user or investor total 29,400 sf industrial warehouse w/ office. Subject to a lease termination of existing tenant.
20,155 sf includes attached 2 story office 6,827 sf. leased to Hot Box to 3.31.26 but tenant has expressed interest in early termination.
9,244 sf warehouse leased to Smith Tea for 6 years commencing 9.1.24.

View Sale Brochure

View Lease Brochure

Property Facts

Price	$8,100,000	Rentable Building Area	29,400 SF
Price Per SF	$276	No. Stories	1
Sale Type	Investment or Owner User	Year Built/Renovated	1963/2017
Cap Rate	7%	Parking Ratio	0.65/1,000 SF
Property Type	Industrial	Clear Ceiling Height	20 FT
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing Industrial Service	No. Dock-High Doors/Loading	7
Building Class	C	No. Drive In / Grade-Level Doors	1
Lot Size	0.79 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$8,100,000
Price Per SF	$276
Sale Type	Investment or Owner User
Cap Rate	7%
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing Industrial Service
Building Class	C
Lot Size	0.79 AC
Rentable Building Area	29,400 SF
No. Stories	1
Year Built/Renovated	1963/2017
Parking Ratio	0.65/1,000 SF
Clear Ceiling Height	20 FT
No. Dock-High Doors/Loading	7
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

24 Hour Access
Bus Line
Conferencing Facility

Fenced Lot
Front Loading
Signage

Yard
Accent Lighting
Reception

Demised WC facilities
Air Conditioning

Lighting - Metal Halide
Gas - Natural
Water - City
Sewer - City
Heating - Gas

MAJOR TENANTS

Hot Box
-
20,155 SF
$1.92
Triple Net
Mar 2023

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
Hot Box	-	20,155 SF	$1.92	Triple Net		Mar 2023

1 of 1

Walk Score ®

Very Walkable (79)

Transit Score ®

Rider's Paradise (100)

Bike Score ®

Biker's Paradise (100)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	R149935	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$1,734,230

PROPERTY TAXES

Parcel Number

R149935

Land Assessment

Improvements Assessment

Total Assessment

$1,734,230

zoning

Zoning Code	IG1, Portland (Base Zone industrial with Central East Side Industrial Office overlay for future multi-story redevelopment potential and expanded qualifying uses)
IG1, Portland (Base Zone industrial with Central East Side Industrial Office overlay for future multi-story redevelopment potential and expanded qualifying uses)