Investment Class A Office Building

1220 20th Street SE, Salem, OR

$5,478,000

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 represents a prime investment opportunity. Built in 2003 and zoned IC, the property features 28,696 SF on 1.95 acres. The building has been engineered out of the flood plain. Seller is a Licensed Broker in the State of Oregon.

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
Documents

Location
Gallery