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Park Place Professional Center 250 Church St SE 38,306 SF 94% Leased Office Building Salem, OR 97301 $9,000,000 ($234.95/SF) 6.70% Cap Rate
Executive Summary
This well-maintained Class-A office building is available for acquisition at a 6.7% cap rate. Built in 1995, the property benefits from established operations and experienced ownership. The tenant roster consists of long-term occupants, supporting steady income. A straightforward opportunity to secure a stable, income-producing asset.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
38,306 SF
Building Class
A
Year Built
1995
Price
$9,000,000
Price Per SF
$234.95
Cap Rate
6.70%
NOI
$603,000
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,769 SF
Building FAR
0.66
Lot Size
1.34 AC
Opportunity Zone
Yes
Zoning
CB
Parking
130 Spaces (3.39 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Premium Class A office space consisting of reception area, 3 offices, conference room, break area and 2 work stations. Full service, less janitorial. Located within walking distance of State Capitol, Marion County Courthouse, Salem Hospital and Willamette University
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 101 | 2,299 SF | Office | Full Build-Out | Now |
1st Fl-Ste 101
| Size |
| 2,299 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 101
| Size | 2,299 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Premium Class A office space consisting of reception area, 3 offices, conference room, break area and 2 work stations. Full service, less janitorial. Located within walking distance of State Capitol, Marion County Courthouse, Salem Hospital and Willamette University
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 589488 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,196,850 |
Property Taxes
Parcel Number
589488
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,196,850
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Photos
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Map
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Contact the Sale Advisor
Park Place Professional Center | 250 Church St SE