Investment Class A Office Building

1220 20th Street SE, Salem, OR

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
Documents

Location