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Bonaventure Building 3220 State St 20,359 SF 100% Leased Office Building Salem, OR 97301 $4,200,000 ($206.30/SF) 7.34% Cap Rate
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
$4,200,000
Price Per SF
$206.30
Cap Rate
7.34%
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 began in 1982 as a healthcare-at-home provider focused on nursing services and home care. The company now offers home health care, hospice care, palliative care, personal home care, and high-acuity care through a broad network of care centers and referral relationships. Amedisys serves patients recovering from illness or surgery, managing chronic conditions, and needing end-of-life support, with care delivered in the home. The company has built a national presence over time while remaining centered on in-home services.
- 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 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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 |
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
Contacts
-
Curt Arthur, SIOR -
Nick Williams, CCIM -
Toran Schmidgall -
Capacity Commercial Group LLC
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Bonaventure Building | 3220 State St
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