Overview

Executive Summary

The Wenatchee Industrial Portfolio is located in an opportunity zone and includes two groups of industrial buildings located in downtown Wenatchee, adjacent to the Columbia River. The offering is grouped into two building clusters – North Plant and South Plant – including approximately 320,039 square feet of total building area on approximately 12.3 acres (535,788 SF).

The majority of the offered buildings are configured as freezer & cooler facilities with high bay pallet stacking primarily for agricultural produce. These central Wenatchee properties offer a user or developer the opportunity to acquire a significant amount of industrial space in a highly sought-after opportunity zone, for either continuing freezer and cooler operations, repurposing the building for technology uses taking advantage of the low energy costs in Wenatchee, or for multifamily/residential uses. The offering is positioned on over 12 acres of centrally located land available for redevelopment for a variety of permitted uses under the site’s CBD and WMU (Waterfront Mixed Use) zoning, including:

  • Brewing, Distillery or Winery
  • Multifamily residential
  • Hotel
  • Office / technology
  • Data center
  • Self-storage
  • Retail

MARKETING PROCESS

Offers will be reviewed as received, however the ownership reserves the right to set a bid deadline at a definitive date.

PRICE : $13,600,000

Separate Pricing
North Property Group - $6,500,000
South Property Group - $7,100,000

North Plant Properties

The Wenatchee Industrial Portfolio North Plant Properties are located at 315/410 North Worthen Street in Wenatchee and are bounded on the north end by Palouse Street and at the south end by East Orando Avenue. The properties are strategically positioned with rail line and spurs to the west operated by BNSF, the largest freight railroad network in North America, and the Columbia River frontage is adjacent to the east.

The North Plant Properties consists of a single tax parcel with 3 buildings designated I, J and K as detailed below:

South Plant Properties

The Wenatchee Industrial Portfolio South Plant Properties are located at 25 South Columbia Street, 101-129 South Columbia Street and on 1,2, & 4 E Yakima Street in Wenatchee, WA. Building H is separated to the north from Buildings A-E by E. Orondo Avenue, and A-E are separated to the north of F & G by Yakima Street (vacated portion).