601 E Antler (Redmond Industrial Park), Redmond

Price Reduced!

PROPERTY OVERVIEW
The Redmond Industrial Park is Redmond’s largest industrial park totaling more than 73-acres of land on 12 separate tax lots. Originally owned and operated by Crown Pacific, the property was acquired in 1996 by Maynard Alves and his wife Jacolyn Alves. Together over the past twenty-four years, they have worked to support industrial users requiring various leasing needs.
-Large warehouse space with open configuration and truck access/dock high bays.
-Outdoor yard space for the storage of raw materials, finished goods and equipment.
-As of September 23rd, 2020, the facility is 83% occupied with only one (1) 28,000 square foot warehouse suite available for lease.
ZONING
Zoned M2 Heavy Industrial, the property boasts more than 164,000 rentable square feet to well-known companies including Traeger Grills, Baxter Builders, and Pape Kenworth.
The industrial park remains one of the only facilities in Central Oregon with both warehouse space and outdoor yard space for lease.
LOCATION, HIGHWAY TRANSPORTATION ACCESS & RAIL/UTILITY SERVICES
The property is located just two blocks east of State Highway 97 with excellent truck access to both northbound and southbound Hwy 97. The property also provides excellent access to State Highway 126 which connects to State Highway 20 providing a transportation and distribution network to Boise, Idaho and beyond.
The industrial park is located 1.56 miles from the Redmond Airport and 0.75 miles from downtown Redmond.
We have also confirmed with the City of Redmond that an additional access point can be constructed at the NE corner of the property extending NE Greenwood Avenue West on the property.
This site includes a BNSF rail spur ready to be reestablished to the Oregon Trunk Line property providing rail access to the Burlington Northern Santa Fe Railroad.
Three Phase, 480-volt 200 Amp electrical service is currently provided and per our conversation with Pacific Corp, additional Amperage can be delivered to the property in under 9 months.
FUTURE DEVELOPMENT
Per our analysis of the current ground leases as well as land allocated to the existing facility, we calculate that the property has 53.75 acres for new development.
Utilizing a 35% building to land coverage ratio, an additional 819,000 Rentable Square Feet of new industrial facilities can be constructed on the property.
Because there are multiple tax lots, future development can be completed in a phased approach over and significant period of time.
Financials and other important data will be released upon a NDA signed by both Broker and Buyer as well as qualification of Buyer’s ability to perform.

Property Details