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Hout Industrial Park 5121-5129 Sw Hout Street, Corvallis, Oregon

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Hout Industrial Park 5121-5129 Sw Hout Street, Corvallis, Oregon HOUT INDUSTRIAL PARK 5121-5129 SW HOUT STREET, CORVALLIS, OREGON GROUND LEASE OPPORTUNITY PROPERTY OVERVIEW Address 5121-5129 SW Hout Street City, State Corvallis, Oregon HOUT Multi-tenant industrial Product Type warehouse Rentable Square INDUSTRIAL PARK 68,500 SF Feet Land Size 3.61 AC (157,252 SF) THE OPPORTUNITY Colliers International is pleased to present the opportunity to purchase Four Number of Tenants Hout Industrial Park (“the Property), a 68,500 square foot industrial project. The property is located in the heart of the Willamette Valley, Occupancy 100% just four miles south of the City of Corvallis and one mile from the Corvallis Municipal Airport. Year Built 1998 The property allows for excellent truck staging and easy access to Hwy 22 ft Ceiling Height 99 via Hout and Lowe Streets. Drive Ins 6 total / 10’w x 9’h Lease Type Ground Lease Lessor City of Corvallis Docks 2 exterior Lessee WKL Investments Hout, LLC Site Size 157,420.6 SF (3.61 acres) Construction Reinforced Concrete Term Expiration June 30, 2042 (Original Agreement dated June 2, 1997 50 surfaces spaces; Parking Expenses Lessor provides the use and benefi ts of the 0.72/1,000 SF public water, sewer, and drainage sytems. Lessee is responsible for payment of water, Year 1 NOI $307,555 sewer and drainage charges and all other utility charges. Sale Price $4,400,000 Cap Rate 7.0% P. 4 North to Salem and Portland West to t S t South to California Border u o H W SSW Hout St SSWW AAirportirport AAveve P. 5 PROPERTY OVERVIEW NNorthorth ttoo SSalemalem aandnd PPortlandortland 37 miles to Eugene 40 miles to Salem 56 miles to Woodburn 86 miles to Portland 236 miles to CA Border TTargetarget DDistributionistribution CCenterenter SSouthouth ttoo CCaliforniaalifornia BBorderorder P. 6 IInvestmentnvestment HHighlightsighlights Rare opportunity to acquire nearly 68,500 square feet of industrial space adjacent to the Corvallis airport. Historically high occupancy, well performing asset. 100% leased. Diverse multi-tenant rent roll. Area labor force draws from Albany, Corvallis, Eugene, Lebanon and Salem. OSU, U of O and LBCC are all easily accessible. Two Town Cider and Lucidyne Technologies have both invested substantial capital recently into their premises. P. 7 MARKET OVERVIEW CCorvallis,orvallis, OOregonregon Located in Oregon’s Willamette Valley, Corvallis is a dynamic university town with a culture that celebrates innovation, green values and close access to a variety of outdoor recreation. Corvallis is surrounded by mountain ranges containing, dense forests and wineries. Hiking and biking are among the favorite outdoor activities in Corvallis, which features an extensive network of pedestrian pathways. Oregon State University, Samaritan Health Services and AVI BioPharma are among the top employers in Corvallis. The city’s restaurants, bars, art galleries and shops tend to bend towards the artistic side of things. Corvallis is situated midway in the Willamette Valley, approximately 46 miles east of the Oregon Coast, 85 miles south of Portland, 30 miles south of Salem, and 10 miles west of Interstate 5. Oregon Route 99W, a secondary north-south route, also runs through Corvallis. Home to Oregon State University and its 26,000 students, Corvallis is at its core a university town. OSU was once primarily an agricultural college, but it now has more majors, minors, and special programs than any other university or college in Oregon. Other major employers include Samaritan Health Services, CH2M Hill, SIGA Technologies, Evanite Fiber, ONAMI, and HP Inc., which has the largest printing research and development operation in the northeast area of town. Corvallis is well-situated for those who enjoy outdoor recreation. Not only is it an hour from the coast (surfi ng, fi shing, etc.), but it’s also 86 miles from the nearest ski slope, and there are over 60 miles of biking and hiking trails in town and close by. The average commute for Corvallis residents is 16.3 minutes, which is 34% shorter than the average commute for those in Portland. What do Corvallis residents do with all this free time? They drink craft beer, go birding, ride bikes, and invent new ways to commute to work. P. 15.
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