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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

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)

Signage

MAJOR TENANTS

Health Care and Social Assistance
3,156 SF
-
Sep 2029

Amedisys, founded in 1982, is a leading provider of home-based healthcare services headquartered in Baton Rouge, Louisiana. The company delivers a range of services, including skilled nursing, physical and occupational therapy, speech-language pathology, medical social work, and hospice care. Amedisys operates across multiple states, serving patients in their homes to promote recovery and quality of life. Over the years, the company has expanded through strategic acquisitions, including Beacon Hospice and TLC Health Care Services, strengthening its position in the home health and hospice markets. In 2023, Amedisys was acquired by Option Care Health, further integrating its services into a broader healthcare network. The company remains focused on delivering personalized care plans and collaborating with healthcare providers to ensure continuity of care for patients.

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

PROPERTY TAXES

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