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Bonaventure Building 3220 State St 20,359 SF 100% Leased Office Building Salem, OR 97301 $4,530,000 ($222.51/SF) 6.80% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% Occupied
  • Attractive investment opportunity
  • Great condition/location/parking

EXECUTIVE SUMMARY

Introducing an exceptional fully-leased investment opportunity in Salem, Oregon. This impressive 20,359 SF office building, constructed in 2005, offers a prime location and a great anchor tenant in DCP Connections. The building features ample parking and meticulous upkeep. This property is perfectly positioned for ongoing success. Don't miss out on the chance to add a fully leased, high-quality asset to your portfolio in a convenient and sought-after location.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $502,571 $24.69
Taxes $57,330 $2.82
Operating Expenses - -
Total Expenses $57,330 $2.82
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $502,571
Annual Per SF $24.69
Taxes
Annual $57,330
Annual Per SF $2.82
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $57,330
Annual Per SF $2.82
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
20,359 SF
Building Class
A
Year Built
2005
Price
$4,530,000
Price Per SF
$222.51
Cap Rate
6.80%
NOI
$308,071
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,180 SF
Building FAR
0.35
Lot Size
1.34 AC
Opportunity Zone
Yes
Zoning
IC - Industrial Commercial
Parking
94 Spaces (4.62 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Health Care and Social Assistance
  • 3,156 SF
  • -
  • Sep 2029

Amedisys, founded in 1982, is a leading provider of healthcare-at-home services, including home health, hospice, and palliative care. Headquartered in Baton Rouge, Louisiana, the company operates across 38 states and Washington, D.C., serving more than 465,000 patients annually. Amedisys offers skilled nursing, therapy, and high-acuity care through its subsidiary Contessa Health. In 2025, Amedisys became a wholly owned subsidiary of UnitedHealth Group’s Optum division following a $3.3 billion acquisition, marking a significant milestone in its growth strategy. The company is recognized for its clinical quality, with 99% of its home health centers achieving four stars or higher in CMS ratings. Amedisys continues to expand its footprint and innovate in home-based care delivery, positioning itself as a key player in value-based healthcare.

  • DSP Connections
  • Health Care and Social Assistance
  • 16,268 SF
  • -
  • Aug 2028
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Health Care and Social Assistance 3,156 SF - Sep 2029
DSP Connections Health Care and Social Assistance 16,268 SF - Aug 2028
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
582461
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$3,007,500 (2025)
Annual Taxes
$57,330 ($2.82/SF)
Tax Year
2024
  • Listing ID: 36304702

  • Date on Market: 6/18/2025

  • Last Updated:

  • Address: 3220 State St, Salem, OR 97301

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