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3220 Pringle Rd SE 46,140 SF 41% Leased Industrial Building Salem, OR 97302 $5,250,000 ($113.78/SF) 7.50% Cap Rate

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Executive Summary

Investment property, or owner user with built-in income stream. Main building has two tenants, plus approximately 32,000 SF to either utilize, or Lease out, demisable down to 2,500 SF. Multiple grade level doors, hung gas fired heat, shared ADA restrooms, fully fenced with approximately half of the yard area leased and approximately 25,000 SF available. Building 2 is stand-alone storage, can be split in half. Building 3 is a covered area leased to a long-term tenant.

Property Facts

Price $5,250,000
Price Per SF $113.78
Sale Type Investment
Cap Rate 7.50%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 2.24 AC
Rentable Building Area 46,140 SF
No. Stories 1
Year Built 1976
Clear Ceiling Height 20’
No. Drive In / Grade-Level Doors 6
Opportunity Zone Yes
Zoning IP

Amenities

  • Fenced Lot

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl - 100
  • 9,004 SF
  • Industrial
  • Full Build-Out
  • Now

Great manufacturing/production space. Convenient location with easy I-5 and HWY 22 access. Can be combined with additional available units for a larger space.

  • 1st Fl - 120
  • 11,485 SF
  • Industrial
  • Full Build-Out
  • Now

Great manufacturing/production space. Convenient location with easy I-5 and HWY 22 access. Can be combined with additional available units for a larger space.

  • 1st Fl - 180
  • 6,695 SF
  • Industrial
  • Full Build-Out
  • Now

Great manufacturing/production space. Convenient location with easy I-5 and HWY 22 access. Can be combined with additional available units for a larger space.

Space Size Space Use Condition Available
1st Fl - 100 9,004 SF Industrial Full Build-Out Now
1st Fl - 120 11,485 SF Industrial Full Build-Out Now
1st Fl - 180 6,695 SF Industrial Full Build-Out Now

1st Fl - 100

Size
9,004 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Fl - 120

Size
11,485 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Fl - 180

Size
6,695 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Fl - 100

Size 9,004 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Great manufacturing/production space. Convenient location with easy I-5 and HWY 22 access. Can be combined with additional available units for a larger space.

1st Fl - 120

Size 11,485 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Great manufacturing/production space. Convenient location with easy I-5 and HWY 22 access. Can be combined with additional available units for a larger space.

1st Fl - 180

Size 6,695 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Great manufacturing/production space. Convenient location with easy I-5 and HWY 22 access. Can be combined with additional available units for a larger space.

Property Taxes

Property Taxes

Parcel Number
574620
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,205,910
  • Listing ID: 37321809

  • Date on Market: 8/18/2025

  • Last Updated:

  • Address: 3220 Pringle Rd SE, Salem, OR 97302

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