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2195 Fairgrounds Rd NE 4,144 SF of Retail Space Available in Salem, OR 97301
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,144 SF | Negotiable | $19.68 /SF/YR $1.64 /SF/MO $81,554 /YR $6,796 /MO | Plus All Utilities |
1st Floor
Highly desirable location just north of downtown Salem on high traffic route direct from downtown to Hwy 99, Parkway, I-5 etc. Office/finished workspace combination space with MU-1 Zoning allows a variety of business uses. Sought after workspace with high ceiling height, rollup overhead door allowing drive in entry; painted concrete floor, 3 phase power; compressed air. Office area has large street facing windows giving enhanced visibility. Additional adjacent asphalt parking lot to accommodate all parking needs. Many new investments in this area, great area to locate your business.
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Office/Retail/High Ceiling Workspace just North of
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,144 SF | Year Built | 1946 |
| Property Type | Retail | Parking Ratio | 2.41/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | Donna Ave northeast |
| Gross Leasable Area | 4,144 SF |
| Total Space Available | 4,144 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,144 SF |
| Year Built | 1946 |
| Parking Ratio | 2.41/1,000 SF |
| Cross Streets | Donna Ave northeast |
ABOUT THE PROPERTY
Highly desirable location just north of downtown Salem on high traffic route direct from downtown to Hwy 99, Parkway, I-5 etc. Office/finished workspace combination space with MU-1 Zoning allows a variety of business uses. Sought after workspace with high ceiling height, rollup overhead door allowing drive in entry; painted concrete floor, 3 phase power; compressed air. Office area has large street facing windows giving enhanced visibility. Additional adjacent asphalt parking lot to accommodate all parking needs. Many new investments in this area, great area to locate your business.
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
Presented by
Rim Rock Investments LLC
2195 Fairgrounds Rd NE
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