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The Kenneth A. Holmes Building 234 High St SE 23,411 SF 76% Leased Office Building Salem, OR 97301 $3,329,000 ($142.20/SF) 6.20% Cap Rate
Investment Highlights
- 23,411 SF building
- Prime corner location: High St & Ferry St, Downtown Salem CBD
- High-visibility, glass-fronted street presence
- 65-car secure parking garage
- Two blocks from the Salem Convention Center
Executive Summary
With its striking glass curb appeal, secure gated parking, and prime corner location just two blocks from the Salem Convention Center, the property
offers strong tenant appeal and long-term investment stability in a walkable, amenity-rich downtown setting. This is a well-positioned asset for investors seeking a multi-tenant office property with structured parking income potential in one of Salem's most established commercial districts.
Property Facts
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- AOC Road Program
- -
- -
- -
- -
- -
- Community Care
- -
- -
- $24.00
- Full Service
- Feb 2027
- Cunningham
- -
- -
- $9.96
- Modified Gross
- Oct 2025
-
- Utilities
- -
- $21.00
- Full Service
- Mar 2025
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- mahonia
- -
- -
- $22.08
- Full Service
- Oct 2026
- Maranga
- -
- -
- $20.76
- Full Service
- Jul 2027
- Paradigm Driving Solutions
- Retailer
- -
- $22.80
- Full Service
- Aug 2025
- Reynolds Trial Law
- -
- -
- $25.20
- Full Service
- Apr 2026
- salem community church
- -
- -
- $18.48
- Full Service
- Dec 2026
- Templo De Restauracion
- -
- -
- $11.16
- Full Service
- Apr 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| AOC Road Program | - | - | - | - | - | |
| Community Care | - | - | $24.00 | Full Service | Feb 2027 | |
| Cunningham | - | - | $9.96 | Modified Gross | Oct 2025 | |
|
|
Utilities | - | $21.00 | Full Service | Mar 2025 | |
| mahonia | - | - | $22.08 | Full Service | Oct 2026 | |
| Maranga | - | - | $20.76 | Full Service | Jul 2027 | |
| Paradigm Driving Solutions | Retailer | - | $22.80 | Full Service | Aug 2025 | |
| Reynolds Trial Law | - | - | $25.20 | Full Service | Apr 2026 | |
| salem community church | - | - | $18.48 | Full Service | Dec 2026 | |
| Templo De Restauracion | - | - | $11.16 | Full Service | Apr 2029 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Approximately 5,662 SF and features huge reception and waiting area / lobby and ADA private exterior entrance. Total of 10 private offices and conference room with break area and huge training room.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 222 | 5,662 SF | Office | - | Now |
1st Fl-Ste 222
| Size |
| 5,662 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 222
| Size | 5,662 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Approximately 5,662 SF and features huge reception and waiting area / lobby and ADA private exterior entrance. Total of 10 private offices and conference room with break area and huge training room.
Property Taxes
| Parcel Number | 589051 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,247,700 |
Property Taxes
Contacts
-
Curt Arthur, SIOR -
Nick Williams, CCIM -
Toran Schmidgall -
Eric Anderson -
Tamara Fuller -
Capacity Commercial Group LLC
