21 Oaks
$2,240,000
525 Glen Creek Rd, Salem, OR 97304
For Sale
Office
Building
Active
Last Updated: 10/08/2026
7.5
Cap Rate
168,215
NOI
Details:
Cap Rate: 7.5%
NOI: $168,215
Building Size: 14,873 sqft
Lot Area: 0.78 acres
Class: B
Units: 14
Year Built: 1982
Floors: 3
Highlights:
- Good occupancy history
- Upside potential with rents
- Great tenant mix
Description:
21 Oaks is a multi-tenant office building in West Salem with great visibility, a wonderful location, amazing views, and priced at a fraction of replacement cost. With many of the leases far below market rent, there is tremendous upside potential with this iconic building.
Located above the corner of Wallace Rd and Glen Creek. Directly across the street from the most prominent grocery-anchored retail property in West Salem, with heavy traffic counts and great visibility.
3 Spaces Available
525 Glen Creek Rd NW , 220, 2nd Building
Available:
Immediately
Sublease:
No
SQFT
1,273
Lease Rate:
$1.75/sqft/mo
Lease Type:
Gross
525 Glen Creek Rd NW, 250 Unknown Sub Type
Available:
Immediately
Sublease:
No
SQFT
403
Lease Rate:
$1.75/sqft/mo
525 Glen Creek Rd NW, 330 Unknown Sub Type
Available:
Immediately
Sublease:
No
SQFT
600
Lease Rate:
$2/sqft/mo
Documents:
| Title | ||
|---|---|---|
| 21 Oaks Office Building For Lease Brochure |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
