Profitable Industrial Complex Business
This industrial complex business resulted from a business philosophy of the Owners: “find a need or niche in the market and fill it.”Ideally situated and compared to any other competitors this is the premier and upscale business park in Klamath Falls, Oregon.See their website http://southtownecommercecenter.com
This income property business is being marketed confidentially.They do not wish to have this premier property offered publicly with the identity and address in advertisements or signs on the property.Also, they do not want potential buyers creating a distraction for their quality and long term tenants.The Owners look forward to showing the project to interested parties and discuss any questions they may have to gain a full understanding of the success of the Southtowne operation.
Here are some unique features of this upscale business/industrial park
- The complex benefits from 8 competitive advantages developed over the years
- Consistent long term tenants including government agencies
- The business park is full with a waiting list much of the time due to their competitive advantages
- Superior amenities and upscale design
- Additional contiguous acreage ready for expansion and immediate development with all utilities and two separate entrances.
The property was developed by the current owners who had the foresight and understanding of the market to design and build an industrial business complex.They have successfully managed the property, building a reputation in the community as the premiere business center in the county and keeping a long term, steady tenant base along the way. There is a professional culture of tenants that truly contributes to their longevity due to the selectivity of the Owners.After operating this business for many years, the Owners are now at a time in their life where they are looking forward to retirement.They will provide a solid transition of management.
This is an ideal opportunity for the right buyer seeking a simple income property business built to exceed industry standards with a reputation for understanding business needs and a consistent tenant base in a high demand and growing market.With additional acreage ready for immediate development, this is an opportunity that very few income properties can offer.This opportunity is priced at $7.1 million based on a 7.1% capitalization rate of $502,409 NOI.The undeveloped 4.13 acres is priced at $4 per square foot at $725,000.The property must be sold as a package.There is no debt on the property.