812 C Street, Culver

812 C Street, Culver
In Contract

Fratzke Commercial Real Estate Advisors, Inc., is proud to market the Earth2o facility, owned by Sweetwater, LLC.

Earth2o has been in business since 1991. As the leader in the production, distribution, and sales of the best water sourced from Opal springs, Earth2o practices rPET technology limiting their carbon footprint on the earth. Earth2o is a B Corporation allowed only for the most environmental conscientious corporations in America.

With over 50 employees and a 66,000 +/-RSF production, distribution, and office facility headquartered in Culver, Oregon, Earth2o has entered the Cold Brewed Coffee sector. Leveraging the incredible Opal Springs water, decade’s strong relationships with transportation and national and regional grocery chains, Earth2o’s sales of Cold Brewed Coffee have accelerated beyond its goals.

Located just 15 minutes north of Redmond, Oregon, and situated a few miles from State Highway 97, Earth2o has signed a ten (10) year triple net lease of their facility from its landlord Sweetwater, LLC.

The investment opportunity provides the Buyer with a true net leased investment in an industrial facility occupied by an extremely financially secure Tenant with year over year sales growth entering new market segments in the beverage industry. The lease rate is currently $0.45 per square foot per month. Each option has three percent (3%) annual rent income escalators.

Earth2o has been in business since 1991 and in 2008 they moved into their current facility with has direct access to water from Opal Springs. Over the past 9 years, a total of $700,000 in upgrades to the facility have occurred with new offices, four new dock high bays completely enclosed in 2015, electrical and fluorescent lighting with increased sanitary systems and production improvement upgrades throughout. Because Earth2o sells water directly from the source, a relocation or move away from the source is not feasible due to transportation costs and the risk in shipping water.

View a video of the facility here.

Contact listing broker Brian Fratzke or Tom Tapia for more information and to schedule a tour.

Property Details

Sale Price $4,830,000
812 C Street
Culver, OR 97734

MLS#: 201800209
Property Type: Industrial
Building Square Feet: 66,000 +/-
CAP Rate: 7.0%
Occupancy: 100% Occupied
Tenant: Earth2o
Lot Size: 6.1 Acres
Zoning: M1 - Industrial
Procurement Fee / Broker Commission: 2%%

Status: In Contract