Jewett-Cameron Lists 11.6 acre Property for Sale

Rhea-AI Summary

Jewett-Cameron Trading Company (NASDAQ: JCTCF) has listed its 11.6-acre industrial property in Hillsboro, Oregon, for sale and lease. The property, formerly used for seed processing and storage, features approximately 109,500 square feet of building space. It's being marketed through Macadam Forbes Commercial Real Estate Services with an undisclosed asking sale price and a monthly lease rate of $40,000 (triple net).

The site is zoned 'Rural Industrial' (RIND) in Washington County, allowing various uses including contractor's yards, telecom facilities, and special recreation. Jewett-Cameron is exploring potential rezoning to expand permitted uses. The property is also within the study area for North Plains' Urban Growth Boundary expansion, highlighting its strategic location for future development.

Positive

• Strategic location with excellent access and visibility off Highway 26
• Large 11.6-acre industrial property with 109,500 square feet of building space
• Flexible zoning allows for various industrial uses
• Potential for rezoning to expand permitted uses
• Located within North Plains' Urban Growth Boundary expansion study area

Negative

• Undisclosed asking sale price may indicate uncertainty in property valuation
• Specialized seed industry building may limit potential buyers or require renovation
• Rezoning efforts and UGB expansion are ongoing and not yet adopted, introducing uncertainty

NORTH PLAINS, Ore., July 31, 2024 /PRNewswire/ -- Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCF) listed their 11.6 acre property at 31345 NW Beach Rd, Hillsboro, OR  97124, for sale on July 29, 2024.  The property is a corner lot industrial property with excellent access, visibility and frontage located immediately off the Glencoe exit on Highway 26.

The property is being listed for sale and also for lease through Macadam Forbes Commercial Real Estate Services. The asking sale price is undisclosed while the asking lease rate is $40,000 per month, triple net.

The property is the former location of Jewett-Cameron Seed Company and has historically been used for seed processing and storage. The combined size of the buildings is approximately 109,500 square feet. One of the buildings is specialized for the seed industry, while most are metal warehouse buildings with power, allowing a wide array of possible uses. The rural industrial zoning designation within Washington County allows for use of the existing property, or development of the site, as approved by the County. Allowable uses under a Type I, II, or III procedure at the County level include but are not limited to: Contractor's yard, telecom facilities, forest products, lumber/sawmill, materials uses such as concrete and asphalt, and special recreation.

The property is currently zoned "Rural Industrial" (RIND) in Washington County. The Company is exploring the potential to re-zone the property, or revise the existing code, to expand the list of permitted uses. The property is also located within the study area for the contemplated expansion of the City of North Plains' Urban Growth Boundary (UGB). The expansion effort is ongoing and not yet adopted, but it demonstrates the property's role as a central site in North Plains' future development.

About Jewett-Cameron Trading Company Ltd.

Jewett-Cameron Trading Company is a holding company that, through its subsidiaries, operates out of facilities located in North Plains, Oregon. Jewett-Cameron Company's business consists of the manufacturing and distribution of patented and patent pending specialty metal and sustainable bag products, and wholesale distribution of wood products. The Company's brands include Lucky Dog®, for pet products; Adjust-A-Gate™, Fit-Right®, Perimeter Patrol®, Infinity Euro Fence, and Lifetime Post™ for gates and fencing; MyEcoWorld® for sustainable bag products; and Early Start, Spring Gardner™, Greenline®, and Weatherguard for greenhouses.  Additional information about the Company and its products can be found the Company's website at www.jewettcameron.com.

Contact: Chad Summers, President & CEO, (503) 647-0110

Broker contact Info:
Clayton Madey
Macadam Forbes, Inc.
2 Centerpointe Drive, Suite 500
Lake Oswego, OR 97035
Cell: (503) 896 6286
clayton@macadamforbes.com

View original content:https://www.prnewswire.com/news-releases/jewett-cameron-lists-11-6-acre-property-for-sale-302211556.html

SOURCE Jewett-Cameron Trading Company Ltd.

FAQ

What is the size and location of the property Jewett-Cameron (JCTCF) is selling?

Jewett-Cameron (JCTCF) is selling an 11.6-acre property located at 31345 NW Beach Rd, Hillsboro, OR 97124. It's a corner lot industrial property situated immediately off the Glencoe exit on Highway 26.

What is the asking price for Jewett-Cameron's (JCTCF) property sale?

The asking sale price for Jewett-Cameron's (JCTCF) property is undisclosed. However, the asking lease rate is $40,000 per month, triple net.

What is the current zoning of Jewett-Cameron's (JCTCF) property for sale?

The property Jewett-Cameron (JCTCF) is selling is currently zoned 'Rural Industrial' (RIND) in Washington County, allowing for various industrial uses including contractor's yards, telecom facilities, and special recreation.

What potential future developments could affect Jewett-Cameron's (JCTCF) property value?

Jewett-Cameron's (JCTCF) property is within the study area for North Plains' Urban Growth Boundary expansion. The company is also exploring rezoning options to expand permitted uses, which could potentially increase the property's value.