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OR FAX FORM ON PAGE 103 TO 503-242-1814
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Parcel A
Parcel B
7,400± s.f. bldg. on 1.7± acres
12,336± s.f. bldg. on 3.0± acres
PUBLISHED RESERVE:
$650,000*
$650,000*
LAST ASKING:
No Prior Sale
No Prior Sale
* 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.
FINANCING:
Subject to Seller’s approval of Purchaser’s credit:
Term: 15 to 20 year full amortizing loan
Loan to Value: Loan to be appraised or cost value, whichever is less, not to exceed 65%
Rate: Federal Home Loan Bank fixed rate index plus 3% adjustable every 5 years with a floor rate of 5.5%
Fees: 1% plus usual customary third party costs
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 minutes
of I-5 Exit 228. The property has opportunity to be developed with additional buildings for use by a single user,
a 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.
Highway 34 Industrial Property near I-5, with Two Buildings
Albany, Oregon
Late Addition
Albany
I-5
99 East
Highway 34
Excor Road SW
Parcel B
Parcel A
N
