Industrial Properties - For Sale
1308 Industrial Street Hood River, OR 97031
Details & Description
Price: $1,550,000
  • Property Type Industrial for Sale : Flex-Office-Warehouse
  • Lot Size Acres 1.170
  • Building Sq Ft 5,574
  • Building Price per Sq Ft $278.00
  • Land Sq Ft 50,965
  • Land Price per Sq Ft $30.00
  • NOI $64,000
  • CAP Rate % 4.13
Marcus & Millichap is pleased to exclusively present for sale or lease the Evoke Winery Distribution warehouse, located at 1308 Industrial Loop in Hood River. Well situated in Hood River’s Downtown Central Business District (CBD) just one-half mile west of its core retail corridor on Oak Street, this Industrial-zoned property boasts magnificent views of Mount Adams and the Columbia River Gorge. It’s ideal for manufacturing and/or production activities and complementary commercial services, such as a tasting room. It’s already within a block of established retail/mixed-use developments, including tenants like Crush Cider Café and New York City Sub Shop. The two-parcel property includes an existing 5,574 square-foot single-story warehouse facility. This includes a 1,149 square-foot covered outdoor shipping and receiving platform, dock and grade-level garage doors, large clear-span rooms with 16-foot ceiling heights, and is well insulated. Large semi and tractor-trailers can easily access the property, circle the structure, and maneuver for loading-dock shipping and receiving. There are multiple quick-access options to Highway 30, Highway 35, and Interstate-84.The oversized 1.17-acre (50,965 square-foot) lot provides attractive expansion and/or development opportunities. Industrial-zoned land is extremely limited in the Hood River area, especially in such close proximity to Downtown and Interstate-84, making this an ideal opportunity to secure 1.17 acres with development potential. Other mixed-use developments on Wasco/Industrial Loop have been extremely successful and remain in high demand by tenants. Proposed development options have ranged from 8,000 to 30,000 square-feet of new construction.  The 1308 Industrial Loop listing offers buyers incredible flexibility for industrial activities and essential commercial services within Hood River’s Central Business District. It is ideally suited for multiple investment strategies including revenue-producing, covered-land investment for value-added investors, developers, and/or owner-users in search of a build-to-suit manufacturing/production facility with room for future expansion. The current tenant, Evoke Winery, utilizes the warehouse as its shipping and receiving facility and is midway through its 10-year lease commitment. At the list price of $1,550,000 and a monthly rental income of $6,000, on a modified-gross basis, the current in-place CAP rate works out to just over 4.0 percent. Hood River Submarket: Nestled in the Columbia River Gorge National Scenic Area, at the foothills of the spectacular Mount Hood and Cascade Mountains at the confluence of the Columbia and Hood Rivers, Hood River is considered a “sports mecca” and the number four small city for Art Vibrancy by the New York Times and National Center for Arts. Although Hood River is considered a small city, the Gorge and its top tourist attraction, Multnomah Falls, reports more than two million visitors annually. The area offers world-class windsurfing, kitesurfing, kayaking, stand-up-paddle boarding, skiing and mountain biking. Originally settled as an agriculture and wildlife center in the Pacific Northwest with prominent fishing, fur trading and logging, in recent years, Hood River has become better known for its tourism, apple, pear, and cherry orchards, highly regarded craft-beer, cider and wine industries, and aviation technologies. Major employers include Insitu Aerospace, Hood Technologies, The Fruit Company, Pfriem, Double Mountain, Full Sail, Encore Consumer Capital, Tofurky/Turtle Island Foods, Hood River Distillers, and Providence Healthcare System in addition to dozens of wineries and government agencies. The Hood River metropolitan area’s population is estimated to be 23,838 in the 2021 Census, with 8,751households with average income of $92,906 per household. The demographics are quickly changing, with average household income is projected to be $99,780 by 2026, with an additional 1,000 households. With limited land available, infill development properties are in high demand.
Property Highlights
Additional Photos
Listing Agents
Brian Yank

O: 503-200-2042
M: 503-708-2147
byank@marcusmillichap.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1308 Industrial Street

Hood River, OR 97031

Designated Opportunity Zone

Listing ID: 288539
$1,550,000
For Sale
  • Property Type Industrial for Sale : Flex-Office-Warehouse
  • Lot Size Acres 1.170
  • Building Sq Ft 5,574
  • Building Price per Sq Ft $278.00
  • Land Sq Ft 50,965
  • Land Price per Sq Ft $30.00
  • NOI $64,000
  • CAP Rate % 4.13
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Property Highlights
 Ideal for Value-Added Investors, Developers, and/or Owner-Users
 Covered-Land Play on Over-Sized Developable Lot
 10-Year Lease with Evoke Winery with 5 Years Remaining
 Two-Parcel 1.17 Acre Lot (50,965 SF)
 Downtown/Central Business District (CBD) Location
 Magnificent Mount Adams and Columbia River Views Perfect for Tasting Room
 Industrial Zoned (I) with Industrial and Commercial Use
 16-Foot Insulated Clear-Span Ceiling Heights
 Dock and Grade-Level Loading
 Exterior Storage Space
 Floor Drain and Instant Hot-Water Supply
 Developable Land
Description

Marcus & Millichap is pleased to exclusively present for sale or lease the Evoke Winery Distribution warehouse, located at 1308 Industrial Loop in Hood River. Well situated in Hood River’s Downtown Central Business District (CBD) just one-half mile west of its core retail corridor on Oak Street, this Industrial-zoned property boasts magnificent views of Mount Adams and the Columbia River Gorge. It’s ideal for manufacturing and/or production activities and complementary commercial services, such as a tasting room. It’s already within a block of established retail/mixed-use developments, including tenants like Crush Cider Café and New York City Sub Shop.

The two-parcel property includes an existing 5,574 square-foot single-story warehouse facility. This includes a 1,149 square-foot covered outdoor shipping and receiving platform, dock and grade-level garage doors, large clear-span rooms with 16-foot ceiling heights, and is well insulated. Large semi and tractor-trailers can easily access the property, circle the structure, and maneuver for loading-dock shipping and receiving. There are multiple quick-access options to Highway 30, Highway 35, and Interstate-84.

The oversized 1.17-acre (50,965 square-foot) lot provides attractive expansion and/or development opportunities. Industrial-zoned land is extremely limited in the Hood River area, especially in such close proximity to Downtown and Interstate-84, making this an ideal opportunity to secure 1.17 acres with development potential. Other mixed-use developments on Wasco/Industrial Loop have been extremely successful and remain in high demand by tenants. Proposed development options have ranged from 8,000 to 30,000 square-feet of new construction. 

 The 1308 Industrial Loop listing offers buyers incredible flexibility for industrial activities and essential commercial services within Hood River’s Central Business District. It is ideally suited for multiple investment strategies including revenue-producing, covered-land investment for value-added investors, developers, and/or owner-users in search of a build-to-suit manufacturing/production facility with room for future expansion. The current tenant, Evoke Winery, utilizes the warehouse as its shipping and receiving facility and is midway through its 10-year lease commitment. At the list price of $1,550,000 and a monthly rental income of $6,000, on a modified-gross basis, the current in-place CAP rate works out to just over 4.0 percent.

 Hood River Submarket:

Nestled in the Columbia River Gorge National Scenic Area, at the foothills of the spectacular Mount Hood and Cascade Mountains at the confluence of the Columbia and Hood Rivers, Hood River is considered a “sports mecca” and the number four small city for Art Vibrancy by the New York Times and National Center for Arts. Although Hood River is considered a small city, the Gorge and its top tourist attraction, Multnomah Falls, reports more than two million visitors annually. The area offers world-class windsurfing, kitesurfing, kayaking, stand-up-paddle boarding, skiing and mountain biking. Originally settled as an agriculture and wildlife center in the Pacific Northwest with prominent fishing, fur trading and logging, in recent years, Hood River has become better known for its tourism, apple, pear, and cherry orchards, highly regarded craft-beer, cider and wine industries, and aviation technologies. Major employers include Insitu Aerospace, Hood Technologies, The Fruit Company, Pfriem, Double Mountain, Full Sail, Encore Consumer Capital, Tofurky/Turtle Island Foods, Hood River Distillers, and Providence Healthcare System in addition to dozens of wineries and government agencies. The Hood River metropolitan area’s population is estimated to be 23,838 in the 2021 Census, with 8,751households with average income of $92,906 per household. The demographics are quickly changing, with average household income is projected to be $99,780 by 2026, with an additional 1,000 households. With limited land available, infill development properties are in high demand.

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Hood River Area Market Trends

Listing Demographics for 1308 Industrial Street Hood River, OR 97031

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population4,68515,15817,848
Population Median Age374041
Population by Age0-9 Yrs508 (10%)1708 (11%)1955 (10%)
10-19 Yrs739 (15%)1997 (13%)2252 (12%)
20-29 Yrs601 (12%)1737 (11%)1966 (11%)
30-39 Yrs683 (14%)1769 (11%)2090 (11%)
40-49 Yrs689 (14%)2199 (14%)2563 (14%)
50-59 Yrs736 (15%)2282 (15%)2845 (15%)
60-69 Yrs354 (7%)1812 (11%)2201 (12%)
70+ Yrs375 (8%)1655 (10%)1977 (11%)
Median HH Income$68,655$75,218$74,807
Total Household Income< 24K295 (14%)811 (12%)908 (12%)
25-49K483 (23%)1283 (19%)1508 (19%)
50-74K310 (15%)1176 (17%)1368 (18%)
75-99K160 (7%)802 (12%)926 (12%)
100-199K602 (29%)1660 (25%)1914 (25%)
200K+200 (9%)822 (12%)924 (12%)
Highest Education LevelNo Diploma41112041602
Diploma or GED49217072147
Some College62221422522
Assoc. Degree201694876
Bachelors Degree75825782940
Higher Degree77425152817
Total Housing Units2,3777,2908,392
--Owner-Occupied1,0614,2585,061
--Renter-Occupied9892,2972,488
Owner-Occupied Values< 100K88229252
100-199K35217250
200-299K169558631
300-399K1739971157
400-499K3138851046
500K+28313731724
Total Working Age Population3,73212,26314,558
In Work Force2,7858,58210,031
Not In Work Force9473,6804,527
Workforce Employed2,7328,2419,639
Workforce Unemployed52341392
Civlian Workforce2,7858,58210,031
Military Workforce000
Total Households2,0506,5557,549
Family Households1,1133,9744,701
Non-Family Households9372,5812,848
Married Couple7973,1723,818
Other Family316802882
Married w/Child4371,3481,573
Single Male w/Child568391
Single Female w/Child161330350

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Oregon3,421,399+123,831,074+114,264,810+114,727,438
Hood River County20,411+922,346+1625,810+1229,014
Wasco County23,791+625,213+927,497+829,798
Washington5,894,121+146,724,540+147,638,415+118,503,178
Klickitat County19,161+620,318+721,667+222,189
Skamania County9,872+1211,066+912,034+813,007

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Portland International Airport (PDX) 53
Seattle Tacoma International Airport (SEA) 126
Boeing Field King County International Airport (BFI) 131
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