242 MARKET STKlamathFalls, OR97601

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)

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