Oregon Tool_Property for Sale
Oregon Tool_Property for Sale
4909 SE International Way, Milwaukie OR, 97222

Oregon Tool

Asset description

JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire via sale-leaseback a mission-critical industrial facility located at 4909 SE International Way in Portland, OR (the “Property”). The 379,379 SF Property sits on 27.37 acres and serves as a key manufacturing facility for Oregon Tool, Inc. (“Tenant” or “OT”), as well its primary R&D center and global headquarters. OT is the world’s leading manufacturer of professional-grade, consumable parts and attachments for use in forestry, lawn & garden, agriculture, and concrete cutting applications. The Tenant has operated at the Property for over 60 years, since it was first developed for its industrial operations. At close, Oregon Tool will commit to a 15-year initial lease term with an absolute triple-net structure and annual escalations, providing investors with long-term cash flows backed by a market-leading tenant. The highly functional Property is also exceptionally well-located within a dense, land-constrained market and boasts proximity to major distribution routes, adjacent to OR Highway 224, connecting I-84 and I-5.

...

Attributes

Building area gross
35,245 sm
Occupancy
100%
Year built
1964
Land area gross
14.33 ha

Media

Investment highlights

  • Well-invested, mission-critical location
  • Unparalleled access within strategic West Coast Industrial market
  • Long-term, attractive lease structure
  • Robust coverage of proposed rent
  • Market-leading tenancy with global scale
  • Exceptional sponsorship in Platinum Equity

Contact brokers

Oregon Tool (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Jun 28, 2024