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JC Penney Building 317 W 1st Ave 2,546 SF of Office Space Available in Albany, OR 97321
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 2,546 SF | Negotiable | $25.20 /SF/YR $2.10 /SF/MO $64,159 /YR $5,347 /MO | Triple Net (NNN) |
1st Floor, Ste 101
Position your business in one of Downtown Albany's most iconic historic buildings. This 2,546 SF office opportunity in the Historic JCPenney Building offers the rare combination of timeless architectural character and a fully customizable build-to-suit office. Located just steps from Albany's Riverfront Park, restaurants, coffee shops, boutiques, and downtown amenities, the space will be delivered to meet the tenant's specific operational needs. The current approved office plan includes: Eight (8) private offices Reception area with soaring ceilings Conference room Employee break room Open mezzanine overlooking the reception Flexible support and circulation space The layout can be modified to accommodate a tenant's preferred mix of private offices, collaborative workspace, conference rooms, reception, and employee amenities. Historic architectural features include original hardwood flooring on the first floor, exposed brick walls on both levels, wood-framed transom windows on the first floor, and large wood-encased windows on the second floor that provide abundant natural light. Professionally designed plans have already been approved, allowing construction to begin quickly while still providing flexibility to tailor the space to your business.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Space In Need of Renovation
- 2,546 SF Build-to-Suit Office
- Prime Downtown Albany location
- two-story reception with mezzanine overlook
- Approved plans ready for construction
- Anticipated delivery: Fall 2026
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at JC Penney Building
- Tenant
- Description
- US Locations
- Reach
- Acumen Financial
- -
- 1
- -
- Chicago Title Insurance Company
- Insurance
- 1,566
- National
- Country Financial
- Insurance
- 2,076
- National
- Guild Mortgage
- Finance Company
- 1,163
- National
- Post Law Firm
- Professional, Scientific, and Technical Services
- 1
- -
- Signature Healthcare At Home
- Health Care
- 13
- Regional
| Tenant | Description | US Locations | Reach |
| Acumen Financial | - | 1 | - |
| Chicago Title Insurance Company | Insurance | 1,566 | National |
| Country Financial | Insurance | 2,076 | National |
| Guild Mortgage | Finance Company | 1,163 | National |
| Post Law Firm | Professional, Scientific, and Technical Services | 1 | - |
| Signature Healthcare At Home | Health Care | 13 | Regional |
Property Facts
| Total Space Available | 2,546 SF | Gross Leasable Area | 23,000 SF |
| Property Type | Retail | Year Built/Renovated | 1900/2010 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 2,546 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 23,000 SF |
| Year Built/Renovated | 1900/2010 |
Features and Amenities
- Bus Line
- Signage
Nearby Major Retailers
Contact the Leasing Agent
JC Penney Building | 317 W 1st Ave