1025 2nd St NW - Medical FOR SALE


Salem, OR 97304- West Salem
$4,423,228 USD
541-480-2526
1025 2nd St NW, Salem, OR for Sale
$4,423,228 USD
Medical - FOR SALE
1/45
null | 7% Cap Rate

1025 2nd St NW
Salem, OR 97304
West Salem


HIGHLIGHTS

  • 7.0% CAP RATE ACTUAL INCOME
  • 100% FULLY LEASED INVESTMENT OFFERING
  • LOCATED IN THE PATH OF PROGRESS IN WEST SALEM
  • THREE (3) TENANTS/OFFICE/MULTI-TENANT BUILDING
  • FULLY SPRINKELED WITH DRY & WET SUPPRESSION SYSTEM
  • IN THE PATH OF PROGRESS

OVERVIEW

100% LEASED 9,702+/- SF Multi-Tenant Facility Premier Medical & Sports Performance Center Located in thriving neighborhood of West Salem 1025 Second Street West provides a stabilized, cash-flowing asset with the opportunity to acquire a 9,702+/- SF Class A Clinical Medical Building 100% leased with three (3) tenants who deliver elite-level care across the sports performance, orthopedics and wellness triage. A primary care physician group and rehabilitation with a multi-practitioner massage therapy group all provide services all under one roof. Building is fully equipped and purpose-built to support a full spectrum of medical and athletic recovery services. Property is zoned Commercial Office (CO) for Salem, allows and provides areas for professional and general commercial offices, membership organizations and some multi-family uses. Building was completed in July of 2019 with frontage on Second Street NW situated on 0.65+/-/AC (28,314+/-SF) Commercial Office (CO) land within Salem's Opportunity Zone. The area of West Salem, Oregon is generally known as a family-friendly area with a quiet commercia/residential atmosphere positioned for a remarkable resurgence with rumors of a semi-pro soccer team and field being located just down the street (approximately 1 block) from subject property in the near future. Building is equipped with force plates, two (2) underwater treadmills, indoor track with firehouse-sized garage door extending this track a full 70 meters in to the outdoors, and more! WHAT IS "THE RE BUILDING" ALL ABOUT? "The RE Building" by NWRA, is a state-of-the-art facility dedicated to sport rehabilitation and performance training. The center is designed specifically for athletes and features advanced technology to aid in recovery and performance enhancement. Among its notable amenities are two professional grade underwater treadmills, which are utilized by major sports teams and Division 1 collegiate programs for rehab and training purposes. "The RE Building" benefits from its prime location, which ensures strong foot traffic and destination traffic with easy access to surrounding retail, medical, and industrial businesses. We mentioned earlier about the resurgence and redevelopment of the surrounding West Salem neighborhood. The incorporation of solar power through photovoltaic panels further emphasize the Center's commitment to sustainability while providing a conducive environment for athletes of all ages to recover from injuries and improve their performance through tailored treatment plans and cutting-edge training methodologies and the practitioners.

FOR SALE DETAILS

PRICE

$4,423,228 USD

PRICE/SF

$410 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

"THE RE BUILDING" 7.0% CAP RATE-100% LEASED

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

CO-(Commercial Office)

APN/PARCEL ID

258911

ASK ABOUT THIS PROPERTY

Brian FratzkeFratzke Commercial Real Estate Advisors, Inc.More Info
541-480-2526

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Brian FratzkeFratzke Commercial Real Estate Advisors, Inc.More Info
541-480-2526

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.