242 Market St Klamath Falls, OR 97601
Triple net leased 10, 324 sf building on 23, 740 sf site being offered in May 15, 2024 Sealed Bid Auction. This property is located on Market Street, made up of two contiguous buildings on the site that total 10, 324 square feet, with side yard. Both buildings are leased by Desert Lake Technologies for manufacturing Oregon Drytech dryers, a subsidiary of the tenant, used for its own operations. Additionally, Oregon Drytech dryers are sold to the food processing industry. The NOI is $66, 000 with 3% increase due in November 2024 per terms of the NNN lease. All utilities serve the site. There is a small office and restroom.Published reserve price of $885, 000 (7.2% Cap Rate)
- Property TypeCommercial
- NeighborhoodN/A
- CountyKlamath
- Taxes$1,209
- HOA/Condo/Coop Fees$0
- Days on Site13 Days
- MLS StatusActive
- MLS ID Number24100879
- Home Size Source N/A
- Year Built1945
- Lot Size0.55 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Sewer Public Sewer
- Water Public
- Parking Features On Site
- Attached Garage No
Interior Features
- Heating Other
- Stories 1
Exterior Features
- Parking On Site
- Roof Type Metal