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2995 Ryan Dr SE
Salem, OR 97301
Office Property For Sale
Investment Highlights
- 7% capitalization rate on current income
- Adjacent 2965 Ryan Drive (14,000+ SF/vacant) is also for sale
- Price well below replacement cost
Executive Summary
This beautiful two-story Class A office building was built in 2010, and the current tenant has been in place ever since. Current net lease goes through January 2028 with options to renew. The building is very visible to Highway 22, has great curb appeal, and very good parking.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
22,751 SF
Building Class
B
Year Built
2010
Price
$7,200,000
Price Per SF
$316.47
Cap Rate
7%
NOI
$503,741
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,376 SF
Slab To Slab
10’
Building FAR
0.43
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
CR
Parking
79 Spaces (3.47 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 528009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,099,400 |
Property Taxes
Parcel Number
528009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,099,400
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