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2608-2618 Cherry Ave 2608-2618 Cherry NE ave 14,400 SF Industrial Building Salem, OR 97301 $1,905,000 ($132.29/SF)
Investment Highlights
- Sought after fully-leased light industrial investment
- Tenants: Lefty's Plumbing, BW Customs, and Razborka
- Two buildings - fully fenced
Executive Summary
Industrial Investment.
Two-building complex, fully fenced., with three tenants generating $163,473 per year in gross income. Leases are modified gross so Landlord pays taxes, insurance, and exterior building maintenance. Light industrial buildings like these have had very low vacancy for the past few decades. Call listing agents for more information.
Two-building complex, fully fenced., with three tenants generating $163,473 per year in gross income. Leases are modified gross so Landlord pays taxes, insurance, and exterior building maintenance. Light industrial buildings like these have had very low vacancy for the past few decades. Call listing agents for more information.
Property Facts
| Price | $1,905,000 | Lot Size | 1.63 AC |
| Price Per SF | $132.29 | Rentable Building Area | 14,400 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1991 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | IG - General Industrial | ||
| Price | $1,905,000 |
| Price Per SF | $132.29 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.63 AC |
| Rentable Building Area | 14,400 SF |
| No. Stories | 2 |
| Year Built | 1991 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | IG - General Industrial |
Amenities
- 24 Hour Access
- Bus Line
- Signage
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 526382 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $552,660 |
Property Taxes
Parcel Number
526382
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$552,660
Contacts
-
Curt Arthur, SIOR -
Nick Williams, CCIM -
Toran Schmidgall -
Eric Anderson -
Tamara Fuller -
Capacity Commercial Group LLC
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