This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

914 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Market Street Triple Net Leased Building 242/284/292 Market St

10,324 SF Industrial Building Klamath Falls, OR 97601 $660,000 ($64/SF) 10.30% Cap Rate

Industrial Properties Oregon Klamath Falls 242/284/292 Market St, Klamath Falls, OR 97601

Investment Highlights

  • Triple Net Leased 10,324 SF Industrial Buildings
  • Significant Price Reduction!
  • Lease expires December 2028

Executive Summary

Significant price reduction! 10,324 sf triple net leased building on .54 acre site. There are two contiguous buildings on the site that total 10,324 square feet, with side yard. Both buildings are leased by Desert Lake Technologies for manufacturing Oregon Drytech dryers, a subsidiary of the tenant, used for its own operations. Additionally, Oregon Drytech dryers are sold to the food processing industry. The lease is through December 2028.
The NOI is $67,980 with 3% increase due in November 2025 per terms of the NNN lease.
All utilities serve the site. There is a small office and restroom.
Bids due February 6, 2025 by 5:00 pm. Contact listing broker for bid package with additional property detail.

Attachments

Property Description
122 Maps and Photos
Two Industrial Buildings in Klamath Falls - Flier
Aerial

Property Facts

Price $660,000 Rentable Building Area 10,324 SF
Price Per SF $64 No. Stories 1
Sale Type Investment Year Built 1950
Cap Rate 10.30% Tenancy Single
Property Type Industrial Parking Ratio 3.1/1,000 SF
Property Subtype Manufacturing 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.
Lot Size 0.54 AC
Price $660,000
Price Per SF $64
Sale Type Investment
Cap Rate 10.30%
Property Type Industrial
Property Subtype Manufacturing
Lot Size 0.54 AC
Rentable Building Area 10,324 SF
No. Stories 1
Year Built 1950
Tenancy Single
Parking Ratio 3.1/1,000 SF
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

  • Front Loading
  • Storage Space

Utilities

  • Water - City
  • Sewer - City
  • Heating - Electric

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Desert Lake Technologies
  • Manufacturing
  • 10,324 SF
  • -
  • Triple Net
  • Dec 2028
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Desert Lake Technologies Manufacturing 10,324 SF - Triple Net Dec 2028

Links

1 of 1
242/284/292 Market St, Klamath Falls, OR - aerial map view
Walk Score®
Very Walkable (81)
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 Numbers
Multiple
  • R414634
  • R414643
  • R414652
 Improvements Assessment $0
Land Assessment $31,940 Total Assessment $155,460

PROPERTY TAXES

Parcel Numbers
Multiple
  • R414634
  • R414643
  • R414652
Land Assessment
$31,940
Improvements Assessment
$0
Total Assessment
$155,460

zoning

Zoning Code LI (Light Industrial)
LI (Light Industrial)
(800) 845-3524

Contact

  • Listing ID: 31643872

  • Date on Market: 4/29/2024

  • Last Updated:

  • Address: 242/284/292 Market St, Klamath Falls, OR 97601

More public record information on 242/284/292 Market St, Klamath Falls, OR 97601

The Industrial Property at 242/284/292 Market St, Klamath Falls, OR 97601 is currently available for sale. Contact Realty Marketing Northwest for more information.

Nearby Listings

1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/6
242/284/292 Market St, Klamath Falls, OR for sale Primary Photo- Image 1 of 6
Building
242/284/292 Market St, Klamath Falls, OR for sale Aerial- Image 2 of 6
Aerial
242/284/292 Market St, Klamath Falls, OR for sale Interior Photo- Image 3 of 6
Interior
242/284/292 Market St, Klamath Falls, OR for sale Interior Photo- Image 4 of 6
IMG_6203
242/284/292 Market St, Klamath Falls, OR for sale Interior Photo- Image 5 of 6
IMG_6224

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Market Street Triple Net Leased Building | 242/284/292 Market St
(800) 845-3524 x

Market Street Triple Net Leased Building | 242/284/292 Market St

Sharon Peede

(800) 845-3524

(800) 845-3524

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link