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250 Church St SE
Salem, OR 97301
Park Place Professional Center · Office Property For Sale
Executive Summary
This well-maintained Class-A office building is available for acquisition at a 6.25% 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
B
Year Built
1995
Price
$9,000,000
Price Per SF
$234.95
Cap Rate
6.25%
NOI
$562,500
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
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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