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10/31/23
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A 108k sf, former tech disk manufacturing facility in Eugene, OR has been put on the market. Located at 3590 W 3rd Ave in the heart of the West Eugene Industrial Corridor, the facility encompasses more than 4.5 acres and offers convenient access to the Beltline highway, connecting to key logistical routes Highway 99 and Interstate 5.
Previously occupied by an independent supplier of high performance thin-film disks for high-end, high-capacity hard disk drives, the building has been vacant for several years. The property is being listed for $7 million or $65 per building square foot. Aaron Watt, Keegan Clay, Don Yahn, and Chanel Rivest have the listing.
Originally built in the mid-1990s but upgraded since, the building features substantial enhancements, including a robust +/-5,000 KVA heavy power supply and warehouse HVAC. Additionally, it is equipped with a 1,500 KVA diesel-fired generator and an elevator servicing the second floor. The building also features 15.3k sf of office space and there is also the potential to incorporate dock doors at the rear of the building, adding operational flexibility. There are 152 parking spaces.
The facility is located approximately seven miles to Interstate 5, 10 miles to Eugene Airport, 110 miles to Portland, and 280 miles to Seattle. The property also resides in a West Eugene Enterprise Zone and Qualified Opportunity Zone, providing additional tax and economic incentives.
“The building’s price is set significantly below replacement cost, offering an exceptional opportunity for an investor or an owner/user to acquire this flexible and fully functional industrial facility. This rare, fully climate- controlled building is essentially move-in ready, or a buyer also has the prime potential to put its own touches on modernizing the facility as a value-add asset,” said Yahn.
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