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OR FAX FORM ON PAGE 81 TO 503-242-1814
151
Parcel A
Parcel B
7,400± s.f. bldg. on 1.54± acres
12,336± s.f. bldg. on 3.1± acres
PUBLISHED RESERVE:
$725,000*
$575,000*
LAST ASKING:
First Time Offered
First Time Offered
* The sale of Parcels A and Parcel B is subject to combined total accepted bids on both parcels in the aggregate to equal, or
exceed, $1,300,000.
SIZE:
4.64± acres
ZONING:
UD-11 -- Urban Development Industrial
PROPERTY INSPECTION:
Inspection by Appointment Only -- Please do not disturb tenant
Date
Time
Wednesday, October 23
1 p.m. to 3 p.m.
Wednesday, November 13
1 p.m. to 3 p.m.
FINANCING:
Subject to Seller’s approval of Purchaser’s credit: A 25% down payment with the balance
secured by a first deed of trust, amortized over 25 years at 6% interest, calling for monthly payments of principal
and interest; all due and payable at the end of 5 years.
DESCRIPTION:
This 4.6± acre industrial property, with two metal buildings which total 19,736± square feet, is
located along Highway 34 near Corvallis, home of Oregon State University, and Albany, and within five minute
of I-5 Exit 228. The property has opportunity to be developed with additional buildings for use by a single user,
mini-storage, or business park. It has excellent access to I-5 and Corvallis, and Highway 99 and Albany.
Building A and a 2,000± square foot bay of Building B are currently leased to Student First, Inc. for school bus
and transit bus storage and light maintenance. The monthly rental is $6,873, and the lease expires June 30, 2015.
Hwy. 34 Industrial Property near I-5 with Two Buildings and Rental Income
Albany, Oregon
Albany
I-5
99 East
Highway 34
Excor Road SW
N
To I-5
To Corvallis
Parcel B
12,336± S.F. Building
on 3.1± Acres
Parcel A
7,400± S.F. Building on
1.54± Acres
