This property is Off-Market

3150 Lancaster Drive
Salem, OR 97305 ·

60,000 SF · Office For Sale

N/A

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Salem State Offices

Price N/A Cap Rate 8.50%
Building Size 60,000 SF Building Class B
Property Type Office Tenancy Single
Property Sub-type Office Building Lot Size 1.40 AC
Property Use Type Net Lease Investment with 7 years left on lease
Listing ID: 17903628 Date Created: 11/05/2012 Last Updated: 10/27/2013

Description

NOTE: To view financial details and the lease agreement, please return a completed Confidentiality Agreement.

Building Amenities
" Raised floor for HVAC systems and data/ electrical distribution thoughout the building
" Secure IT data center
" Large multi-purpose training room
" Multiple conference rooms
" Large kitchen/ break room with secure patio area
" Muliple skylights throughout
" Dedicated loading dock
" Showers/lockers
" Inside bike storage

Area Amenities
" Served by Salem Kaiser transit system
" Chemeketa Community College located nearby
" Convienient access to Interstate 5
" Fitness center across the street to the south
" Multiple dining option
" Wal-mart and other retailers within 1 mile radius from the property

Highlights

  • Recent Renewal- Tenant has executed a lease extension for seven (7) years giving an effective term of almost eight (8) years.
  • Investment Grade Tenant- The State of Oregon is considered an exceptional investment grade tenant (S&P AA+).
  • Major Renovation- The property was upgraded for the current use in 2003 with a raised floor providing flexible space configuration and easily modified
  • Energy Star Rated- In 2008 the building had an Energy Star rating of 76, and was the only rated building in Salem. The building could be relisted by u
  • Located on Major Arterial- Lancaster Drive is a major arterial in the Salem area providing convenient access to many amenities and direct connectivity
  • Off Street Parking- Ample parking provided.

Research

3150 Lancaster Drive, Salem, OR 97305 (Marion County)

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