1404 Auction Catalog - page 52

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FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524
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PUBLISHED RESERVE: $650,000
LAST ASKING: No Prior Sale
SIZE: 7,400± Square Foot Building on 1.7± Acres
ZONING: UD-11 (Urban Development Industrial)
PROPERTY INSPECTION: By Appointment Only -- Please do not disturb tenant
FINANCING: Subject to Seller’s approval of Purchaser’s credit:
Term: 15 to 20 year full amortizing loan
Loan to Value: Loan to be appraised or cost value, whichever is less, not to exceed 65%
Rate: Federal Home Loan Bank fixed rate index plus 3% adjustable every 5 years with a floor rate of
5.5%
Fees: 1% plus usual customary third party costs
DESCRIPTION: This 1.7± acre industrial property, with 7,400± square foot metal building, is located
along Highway 34 near Corvallis, home of Oregon State University, and Albany, and within five
minutes of I-5 Exit 228. The property has the opportunity to be developed with additional buildings
on the excess land, which has excellent exposure along Highway 34. The site has easy access to I-5 and
Corvallis, and Highway 99 and Albany.
Leased Highway 34 Industrial Building near I-5 and Oregon State University
Albany, Oregon
Albany
I-5
99 East
Highway 34
Excor Road SW
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