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1295 NE Johnson St 125,240 SF Industrial Building Salem, OR 97301 $8,500,000 ($67.87/SF)
Investment Highlights
- Add Value Opportunity with low market rents that could be increased, and are on short term leases.
- Onsite scale and fuel station
- Owner-user office and warehouse space available
- Two railrooad spurs
- Clear Heights Ranging 13 Ft to 21 Ft
- Buildings have been well maintained - list of capital expenses available.
Executive Summary
Two-part portfolio sale; Site one in this industrial portfolio features approximately
125,240 SF of warehouse and office space. Current leases
allow for flexible terms. Buyer to renew current leases or be owner-user occupied
space.
Building 1 & 3 are currently leased by a national lumber
transloading company, Building 2 is currently leased for additional income.
assembly of off-roading vehicles, Power Sports. Building 4 is
a cross dock currently leased by Haul of Fame. Building 5
and the office space in Building 1 are currently used by the
Landlord/Seller and could be available for an owner user or
125,240 SF of warehouse and office space. Current leases
allow for flexible terms. Buyer to renew current leases or be owner-user occupied
space.
Building 1 & 3 are currently leased by a national lumber
transloading company, Building 2 is currently leased for additional income.
assembly of off-roading vehicles, Power Sports. Building 4 is
a cross dock currently leased by Haul of Fame. Building 5
and the office space in Building 1 are currently used by the
Landlord/Seller and could be available for an owner user or
Property Facts
| Price | $8,500,000 | Lot Size | 4.30 AC |
| Price Per SF | $67.87 | Rentable Building Area | 125,240 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 1956 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.16/1,000 SF |
| Building Class | B | ||
| Zoning | IG | ||
| Price | $8,500,000 |
| Price Per SF | $67.87 |
| Sale Type | Investment or Owner User |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 4.30 AC |
| Rentable Building Area | 125,240 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Tenancy | Single |
| Parking Ratio | 0.16/1,000 SF |
| Zoning | IG |
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 526400 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,079,360 |
Property Taxes
Parcel Number
526400
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,079,360
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