1725-1735 Kingwood Street

For Sale

1725-1735 Kingwood Street, Florence, OR 97439

This Florence property for sale is located at 1725-1735 Kingwood Street. The current listed sale price for 1725-1735 Kingwood Street is $2,600,000. 1725-1735 Kingwood Street is situated on a lot that is 0.94 acre in size.

Contacts

broker
Zach Reichle

Macadam Forbes

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 20,982 SF
  • Units 12
  • Lot Size 0.94 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Dec 11, 2024
  • Grade Level Doors 12
  • HVAC None
Macadam Forbes is excited to offer the a rare multi-tenant industrial investment located at 1725-1735 Kingwood Street, Florence for sale. This unique investment opportunity is comprised of 2 clearspan metal buildings, situated on just under 1 acre, located in the center of Florence's industrial district, and is 91.7% occupied. The 20,982 SF of rentable building area includes 9,342 SF at 1725 Kingwood (Building 1) and 11,640 SF at 1735 Kingwood (Building 2). There are 12 separate units throughout both buildings; Building 1 has 5 suites and building 2 has 7 suites. Each unit has its own 12' x 14' grade level door, bathroom, a mix of warehouse and office space (Unit 1735D has no office), and is separately metered for utilities. With virtually no vacancies in the Florence industrial market, the demand for small-bay industrial space in this area is consistently high. This is a rare opportunity to acquire a well-maintained asset that offers stability, and provides a major value-add opportunity almost immediately.*Sale Bullets Here*
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Highlights

  • Sale Price: $2,600,000
  • $ / SF: $123.92
  • Cap Rate: 6.13%
  • NOI: $159,454.15
  • Rental Rate: $8.985 / SF / YR ($.748 / SF / MTH)
  • Lease Type: Modified Gross (MG)
  • Pro-Forma Cap Rate: 10.68%
  • Pro-Forma NOI: $277,746.70
  • Pro-Forma Rental Rate: $13.647 / SF / YR ($1.137 / SF / MTH)
  • Pro-Forma Lease Type: Triple Net (NNN)

Attachments

Getting around

  • 37/100

    Walk Score ®

  • 65/100

    Bike Score ®

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Location

  • City Florence, OR
  • Neighborhood Florence
  • Zip Code 97439
  • Market Eugene

Points of Interest

  • 76

    0.40 miles

  • Pacific Pride

    0.49 miles

  • VP Fuels

    0.56 miles

  • WCEH Florence

    1.09 miles

  • Fred Meyer Fuel

    1.94 miles

  • Fuelgood

    2.59 miles

  • Circle K

    0.50 miles

  • Car Wash & Shine

    0.74 miles

  • A&W

    0.43 miles

  • Ichiban

    0.46 miles

  • Abby's Pizza

    0.46 miles

  • McDonald's

    0.48 miles

  • Ixtapa

    0.49 miles

  • Organic Noodle

    0.59 miles

  • Subway

    0.60 miles

  • The Dunes Cafe

    0.63 miles

  • Taco Bell

    0.64 miles

  • Los Amigos Burrito Taqueria

    0.70 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Zach Reichle

Macadam Forbes