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Building A/B 325 Patterson St NW 82,000 SF Industrial Building Salem, OR 97304 $4,900,000 ($59.76/SF)

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INVESTMENT HIGHLIGHTS

82000 SF
22' CLEAR HEIGHT
4 - DOCK DOORS

4.32 AC
CLEAR SPAN
SPRINKLER SYSTEM

EXECUTIVE SUMMARY

The property consists of 2 warehouse with shared common wall containing 82,000 SF, plus a 4,650 SF office located on a 4.32-acre site with approximately 1.8 acres of yard space. The site has extensive frontage and access on both Patterson Street
NW and Murlark Street NW. These streets connect with State Highway 22 via Edgewater Street NW less than one-half mile to the south. Highway 22 extends west to the Oregon Coast and east to Central Oregon. It also provides access over the Willamette River to downtown Salem approximately one mile east of the property. There are multiple routes to Interstate 5 (Market Street, Highway 22, Salem Parkway) as close as 3.5 miles from the site.
Warehouse A is 42,000sf with its own 2.81 acre site that has a 1.8 acre yard, 22' clear height, clear span construction, grade and dock level doors, a sprinkler system, and 480 V/ 220 V power.
Warehouse B is 40,000sf with its own 1.51 acre site, 22' clear height, clear span construction, grade and dock level doors with ramp, a sprinkler system, 480 V/ 220 V power, and a 4,650sf office with break room.

325 Patterson Dr NW-OM

MU-III Zone Code

PROPERTY FACTS

Price	$4,900,000	Rentable Building Area	82,000 SF
Price Per SF	$59.76	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1954
Property Type	Industrial	Tenancy	Single
Property Subtype	Manufacturing Industrial Distribution Industrial Warehouse FlexLight Distribution	Parking Ratio	0.33/1,000 SF
Building Class	B	Clear Ceiling Height	22’
Lot Size	6.57 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU-III - MU-III zoning is a flexible zoning w/ industrial ops via adaptive reuse of existing structures, manufacturing, retail & urban redevelopment.

Price	$4,900,000
Price Per SF	$59.76
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Manufacturing Industrial Distribution Industrial Warehouse FlexLight Distribution
Building Class	B
Lot Size	6.57 AC
Rentable Building Area	82,000 SF
No. Stories	1
Year Built	1954
Tenancy	Single
Parking Ratio	0.33/1,000 SF
Clear Ceiling Height	22’
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU-III - MU-III zoning is a flexible zoning w/ industrial ops via adaptive reuse of existing structures, manufacturing, retail & urban redevelopment.