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Price per acre in Industrial Campus drops nearly $50,000


In an effort to give extra incentive to buyers, the price per acre has been significantly reduced on the Estacada Industrial Campus.

Better Homes & Gardens Commercial Real Estate announced in a press release that the price of a one-acre, shovel-ready lot on the Industrial Campus has dropped to $217,800, marking a nearly $50,000 drop from the previous price.

Estacada leaders have long worked toward making the property ready for industrial development.

A ribbon cutting ceremony attended by the likes of State Sen. Alan Olsen, R-District 20; State Rep. Bill Kennemer, R-District 39; Tim McCabe, director of Business Oregon was held in December to celebrate the achievement of Oregon’s Industrial Site Certification and the newly completed road through the property.

The site has a 50-acre parcel with 25 available lots of roughly one acre each. The lots may be combined for larger sites.

The lots on the site are shovel-ready and have access to 4 megawatts of power, city water, three wells, broadband and Clackamas County’s 180 mile fiber loop.

The site is also eligible for incentives from the county and Business Oregon.

In May, Gresham’s Scenic Fruit Company became the first buyer on the site and will construct a large cold storage facility there on a 1.35 acre lot.

A press release issued by Better Homes & Gardens Commercial Real Estate indicated that the perception that Estacada is “too far away” has been the only hesitation heard from potential buyers.

“The reality is much different, we’re only 30 miles to Portland International Airport, 20 miles to Clackamas and 11 miles to Sandy,” Broker Patrick Sheehan said in the release.