tomo logo

$10,000,000

Beds
5
Baths
3.5
sq ft
4,012

3395 S Pacific Hwy W, Independence, OR 97351

3395 S Pacific Hwy W

Independence, OR 97351

  • Off market
Welcome to a truly exceptional property with a world-class plant breeding & production campus. $20+ million in upgrades since purchase has transformed this facility into a hub of 21st century innovation. Cutting edge genomics, molecular biology, tissue culture, chemical analysis, & ploidy manipulation labs allow for unparalleled discovery potential. 480 climate-controlled breeding chambers, 5 additional modified shipping containers, and 5 - 30'x100' polyhouses provide the requisite space for inbreeding, trials, & small replications. 49+ acres of irrigated land in Oregon's pristine Willamette Valley provide ample areas for field trials and year-round water permit/rights in progress. Once breakthroughs are identified, ramp up high-value production in 16 cutting-edge indoor greenhouses, spanning 42' x 212' (n=8) & 42' x 192' (n=8) dimensions, offering over 135K sq. ft. of climate-controlled space. Each greenhouse features HEPA-filtered positive pressure grow areas, Lennox VRF split cooling (96 tons), rolling bench tables (12), Quest 506 dehumidifiers (4), Gavita DE HPS supplemental lights (120+), and irrigation to ensure ideal conditions for any crop. 100K-gallon water storage capacity are fed from multiple wells and two commercial scale reverse osmosis systems. Power needs are met with four 4000 amp & one 1600 amp 3 phase 480-volt service, for over 17,600 amps of 3 phase 480-volt services (!!!) in total. Solar energy production is powered by a 1.2 MW faceplate capacity, covering over 2 acres, built at a cost of over $1.5 million. A backup generator ensures uninterrupted operations for critical infrastructure and dedicated 10GB/s fiber optic service connects the property to the world. The expansive farm also features a gorgeous custom 4000+ sq ft home, newer manufactured home used as office space, and a spacious shop with drive-in access. This is an innovative canvas, a sanctuary for growth, and a testament to the remarkable possibilities of agricultural advancement.

Details

Property type

Single Family Residence

Lot size

49.23 acres

Price per sq ft

$2,493

Year built

2003

Annual property taxes

$20,750.54

Price History

09/01/2024
PortlandOR

PortlandOR #23022232

Removed
$10,000,000
08/11/2023
PortlandOR

PortlandOR #23022232

Listed
$10,000,000
+1685.71%
01/15/2016
PortlandOR

PortlandOR #15171852

Sold
$560,000

Schools & Community

Elementary school: 

Ash Creek

Middle school: 

Talmadge

High school: 

Central

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$9,131,772
Asking price
$10,000,000
Closing costs (~8% of asking)
-$800,000
Est. remaining loan balance
-$68,228
Cash to seller
$9,131,772

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of The West

Loan start date

October 2015

Original loan amount

$551,000

Est. remaining balance

$68,228

Interest rate

3.09%

Loan type

Not Provided, 10 year

Seller

Lafayette Farms Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/05/2024 at 7:15 PM

Listing updated: 08/28/2024 at 10:31 AM

Listed by: Miltina Scaife, Pro Realty Phone #: (541) 284-8900

MLS: PortlandOR #23022232

PortlandOR logo

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