fully leased single-tenant investment opportunity
TRANSCRIPT
5537 NW Five Oaks Drive | Hillsboro, OR
1800 SW First Avenue, Suite 650 | Portland OR 97201 | WWW.MACADAMFORBES.COM | 503.227.2500
Kevin VandenBrink 503.972.7289 [email protected]
FOR MORE INFORMATION, CONTACT:FOR SALE
FULLY LEASED SINGLE-TENANT INVESTMENT OPPORTUNITY
All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.
Todd Collins 503.972.7283 [email protected]
WWW.MACADAMFORBES.COM | 503.227.2500
OFFERING SUMMARY | 5537 NW Five Oaks Drive
All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.
Page 2
EXECUTIVE SUMMARY
MACADAM FORBES COMMERCIAL REAL ESTATE, as exclusive advisor, is pleased to present the opportunity to purchase a fully leased property leased to National Performance Warehouse. The property is located in Hillsboro, Oregon, just off of Highway 26, and surrounded by high-tech neighbors including Intel and SolarWorld, and a thriving community.
The 150,000 square foot corporate quality facility is 100% leased to National Performance Warehouse, a leading supplier of performance truck parts and accessories. This property is located on an underdeveloped site with approximately 25% coverage. In addition to the 108,000 SF footbrint building, this property has significant additional land for yard storage and/or additional parking.
SALE PRICE: $11,500,000CAP RATE: 5.65%
HIGHLIGHTS
• Stabilized single tenant industrial asset
• Well capitalized tenant
• Below market rent
• Building expansion potential
• Generous staging/fenced yard storage for trailer parking
• Mezzanine and automated racking systems in place
• Rare Portland industrial investment in growing westside submarket
WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.
5537 NW Five Oaks Drive | PROPERTY OVERVIEWPage 3
ADDRESS5537 NW Five Oaks Drive, Hillsboro, OR
SITE AREA9.87 Acres
BUILDING FOOTPRINT108,000 SF
BUILDING SIZEHigh-Bay Warehouse: 66,000 SF Storage Warehouse: 42,000 SF Mezzanine: 42,000 SF
Total: 150,000 SF
OFFICE SIZE± 4,500 SF
PAVED YARD/STORAGE1.5 Acres
YEAR BUILT1972
POWER1600 amps, 480v 3-phase
LOADING2 recessed loading docks 10 standard dock loading doors 1 grade level door
CLEAR HEIGHTPrimary Warehouse: 26’ 2nd Floor Mazzanine: 13’ Under Mezzanine: 12’
SPRINKLERSYes
PARKING145 spaces
ZONINGM-P, City of Hillsboro
WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.
FLOOR PLAN | 5537 NW Five Oaks DrivePage 4
MEZZANINE LOWER LEVEL
AutoDWG DWGSee 2018 Trial Version. http://www.autodwg.com
Please goto http://www.autodwg.com to register the program,the note will be removed.
WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.
National Performance Warehouse was founded in 1969 in South Florida selling traditional auto parts in the region. They have since expanded their scope and carry over 600 lines of top
quality traditional and performance truck parts and accessories. NPW proudly operates as a 3-step distributor selling only to wholesale outlets.
Since implementing an expansion plan in 2008, NPW has grown to have 19 locations in 11 states & provinces. This location in Hillsboro was one of it’s most recent additions in 3Q2018. NPW continues to actively pursue new acquisitions across North America.
NPW are a founding member of the Automotive Accessories Marketing Group (AAM), an organization specializing in truck performance and accessorizing. They are also active members of the Aftermarket Alliance which includes Bumper to Bumper and AutoValue.
LEASE EXPIRATIONJanuary 31, 2027
CURRENT RENT$650,136 / Year
LEASE TYPENNN
RENT ESCALATIONS1% annual increases
RENEWAL OPTIONSNone
5537 NW Five Oaks Drive | TENANT PROFILEPage 5
WWW.MACADAMFORBES.COM | 503.227.2500All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it.
DEMOGRAPHICS
HILLSBORO ADVANTAGES
1 Mile 3 MilesPopulation 1,581 53,778Households 638 22,618Median HH Income $93,634 $85,683Pop. Growth ‘18-’23 á6.6% á8.8%HH Growth ‘18-’23 á6.6% á8.8%
Located 20 minutes west of Portland, Hillsboro is one of Oregon’s oldest communities and has experienced exponetial growth over the last decade. The area is often referred to as the Silicon Forest due to the the number of high-tech companies, including Intel, SolarWorld, Genentech and Oracle who have regional and global headquarters nearby.
Hillsboro is home to the Hillsboro Hops, a Single A baseball team, Pacific University, and 32 nationally-accredited parks. It is also minutes away from beautiful wineries, farms and recreation in Washington County.
DEMOGRAPHICS & LOCATION | 5537 NW Five Oaks DrivePage 6
Intel
Nike HQ
Intel
Genentech
Yahoo!
Oracle
Top Golf
SolarWorld
Streets of Tanasbourne
Columbia Sportswear
Hitachi
Laika