Creekside Corporate Center - Building 680
$4,700,000
680 Hawthorne Avenue Southeast, Salem, OR 97301
18,521 sqft
Building Size
1.22 acres
Lot Area
Details:
Highlights:
- Building Size: 20,082 SF (1st: ~7,945 RSF demisable; 2nd: ~8,314 RSF full-floor; 3rd: ~3,823 RSF with roof terrace).
- Flexible floor plates allow for full-building owner-occupancy, partial leasing for immediate cash flow, or demising the 1st floor into smaller suites to attract multiple tenants and diversify income streams.
- Lot Size: 1.22 acres with abundant on-site parking.
- Generous parking and land area reduce tenant complaints, support high employee satisfaction, and provide future expansion potential in a supply-constrained market.
- Year Built: 2008; Class A construction with modern finishes, elevator, and energy-efficient design.
- Post-2008 build quality minimizes near-term capex needs, appeals to credit tenants, and positions the asset for premium rents or resale in the Willamette Valley's limited Class A inventory.
- Key Features: Existing commercial kitchen infrastructure (from Suite 110 deli space); demisable 1st floor for flexible/smaller suites; upper floors prioritized for full-floor/HQ use.
- Reposition the kitchen area for onsite café/food service amenity or hybrid office-retail tenant to boost building appeal, tenant retention, and ancillary revenue while enabling partial leasing income.
- Campus Amenities: Part of a 5-building campus featuring Mill Creek views, three large ponds, paved walking trails, exceptional signage, and superior maintenance standards.
- Premium campus environment (often called a "second home" for employees) drives tenant attraction/retention, justifies above-market rents, and enhances overall property value through lifestyle appeal in a competitive office market.
Description:
Tradition Real Estate Partners is pleased to offer Creekside Corporate Center - Building 680, a premier Class A office building in the heart of Salem's thriving business district. Constructed in 2008, this 20,082 SF property represents a rare opportunity for investors or owner-occupants seeking high-quality space in one of the Willamette Valley's finest corporate campuses, allowing for immediate customization or repositioning.
Nestled along Mill Creek with scenic ponds, walking trails, and abundant parking, Building 680 offers exceptional curb appeal and a serene work environment. Its strategic location adjacent to Interstate 5 provides seamless access to major employers, healthcare facilities, and downtown Salem, making it ideal for professional services, medical, or corporate headquarters. Priced at $4,700,000 (~$234/RSF), this asset is positioned for strong returns in a market with limited Class A inventory and growing demand.
Creekside Corporate Center - Building 680 is strategically located at 680 Hawthorne Avenue SE in Salem, Oregon, adjacent to Interstate 5 and less than two minutes from the Highway 22 interchange. This prime positioning ensures quick connectivity to key regional hubs, including a less than 5-minute drive to Salem Hospital, the Oregon State Capitol, and downtown Salem. The surrounding area is a vibrant mix of office and medical uses, complemented by hospitality options, restaurants, and retailers such as nearby hotels, cafes, and shopping centers. The site benefits from high visibility along Hawthorne Avenue, ample surface parking, and proximity to public transportation routes, making it highly accessible for employees and clients. Zoned for commercial/office use, the property is embedded in Salem's growing South Commercial submarket, which features low vacancy rates and strong demand driven by government, healthcare, and professional sectors.
Creekside Corporate Center is one of the premier Class A office campuses in the Willamette Valley and Mid-Valley region, consisting of five modern, brick-faced buildings set along the scenic banks of Mill Creek. The entire campus features a park-like environment with three large onsite ponds, paved walking trails, abundant parking, and meticulous landscaping/maintenance standards that create a serene, professional atmosphere—often described as making the location feel like a "second home" for employees and clients.
Building 680 (constructed in 2008) is a three-story, approximately 20,082 SF (gross) / 18,521 RSF (BOMA rentable) office building with flexible floor plates, modern finishes, an elevator, and amenities such as a commercial kitchen area (from the former deli/bakery space). It includes:
1st Floor (~7,945 RSF): Mix of office suites, lobby, mechanical areas, restrooms, and stair/elevator core; features a covered exterior gallery and high-visibility entry.
2nd Floor (~8,314 RSF): Contiguous open office layout with boardrooms, break areas, workrooms, storage, and restrooms; occupied by a single tenant extending from the first floor in prior configurations.
3rd Floor (~3,823 RSF including a small exterior roof terrace): More compact executive-style space with potential for private offices and views.
The building benefits from exceptional curb appeal, prominent signage, and energy-efficient design typical of 2000s Class A construction.
Documents:
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| Offering_Memorandum__Sale_-_L_.pdf |
Location
Gallery