$3,250,000

7.00 ± Acres
off market
North Bend, Oregon
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Industrial Sale-Leaseback

ID: 915
Status: off market
Price: $3,250,000
Acres: 7.00± acres
Price Per Acre: $464,286
Types: Commercial
State: Oregon
City: North Bend
County: Coos
ZIP Code: 97459
Lat/Long: 43.40650100, -124.22428000
Presented By: Rob LaGrone
Phone: (541) 219-0516

Description

SALE-LEASEBACK OFFERING! Income-producing investment.  Stable, established seafood business is seeking a sale-leaseback of its land and buildings. Clausen Oysters has been producing high-quality oysters in the cold, clean waters of Coos Bay, on the south coast of Oregon, since 1981. The property is an easy one-mile drive from Highway 101 near North Bend and includes the following:

  • 6.75 acres of land on Haynes Inlet
  • 10,805 sq ft processing building with restaurant/deli and office
  • 1,800 sq ft shop building
  • Dock facility

15 year NNN lease between land investor and seafood business is available.  (Current term is 5 years, but lease can be extended.) Cap rate at list price is 7.0. Facilities are well-maintained and in good condition. Main building constructed in 1995. Seller may consider selling partial ownership of the property to a solid investor for a lesser amount; bring your proposal.

Part of the land consists of wetlands and tidal flats, which may have additional conservation value. Buyer to perform own due diligence on conservation opportunities. 

Additional Information

  • Wildlife: Other
  • Recreation: Bird Watching,Fishing
  • Water Access: River
  • Rights: Other
  • Improvements: Boat/Fishing Dock,Well,Workshop