Investment Class A Office Building
1220 20th Street SE, Salem, OR
For Lease
Office
Building
Market Price
Price
28,696 sqft
Building Size
1.95 acres
Lot Area
Overview
Building Size
28,696 sqft
Lot Area
1.95 acres
Occupancy
94%
Class
A
Year Built
2003
Description
This multi-tenant Class A professional office building has multiple suites available located conveniently off Mission Street. Ideal visibility for professional and executive office user with abundant parking. All leases are full service less janitorial and each suite boasts ADA accessibility, building access control system and numerous businesses within walking distance.
Located off Mission Street, the property is just minutes from I-5 and Salem's City Center with high traffic counts and visibility.
Highlights
- 28,696 SF on 1.95 Acres
- 94% Occupancy
- Cap Rate: 7.23%
- The building has been engineered out of the flood plain.
- Building Sale Price: $5,478,000
4 Spaces Available
Suite 110
Available:
Immediately
Sublease:
No
SQFT
1,577
Lease Type:
Gross
Suite 115
Available:
Immediately
Sublease:
No
SQFT
817
Lease Type:
Gross
Suite 200
Available:
Immediately
Sublease:
No
SQFT
9,378
Lease Type:
Gross
Suites 331-334
Available:
Immediately
Sublease:
No
SQFT
794
Lease Type:
Gross