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8575 Hoffman Road
Independence, OR 97351
Asking Price
$12.32M
Asset Type
Distribution Industrial
Class
Class B
What's Special
<p><span style="color: rgba(14, 13, 12, 1)">Industrial zoned inside City limits of Independence. Located in an Enterprise Zone - the City is friendly to development and there is plenty of electrical power and public utilities to the site. Underlying zone is for Industrial Park. This property is currently used for agricultural purposes, but the opportunities abound. Many potential uses in a location that is close to Interstate-5 and Salem, the State Capital. An excellent site for a large, single
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NOI
$80,000
Cap Rate
0.65%
DSCR
0.11
Underwater
Cash-on-Cash
-17.63%
Monthly Payment
$60,977.375
Annual Cash Flow
$-651,728.503
