2730 Cherry Ave NE - Warehouse FOR SALE


Salem, OR 97301- Highland
$6,500,000 USD
503-587-4777
2730 Cherry Ave NE, Salem, OR for Sale
$6,500,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

2730 Cherry Ave NE
Salem, OR 97301
Highland


HIGHLIGHTS

  • 2 buildings with possibility to further develop vacant land
  • Add Value Opportunity with low market rents that could be increased, and are on short term leases.
  • Building 6 recently had a full roofing recoat
  • Clear Heights ranging from 22 Ft to 27 Ft
  • Both buildings are sprinkled
  • Well water + city water supports Building 6 food production (Morokot)

OVERVIEW

Industrial portfolio sale; site two in this industrial portfolio features two metal-frame warehouses. Building 6 is 40,000 SF and has about 25,000 SF partially built-out for food-grade production and office, currently leased to Morokot for Cherry production. There is an additional 15,000 currently available. Building 7 is 30,000 SF is fully leased to Local Logistics, a trucking and shipping company. Tenants would like to stay but leases have flexibility for terms and rates. Site 1 details are available in the attached flyer or contact the Broker for details.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Food Processing, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

3

PARKING SPACES

10

LAND DETAILS

LAND ACRES

4.3

LAND SF

187,308

ZONING

IG

APN/PARCEL ID

526396,526404,526405,526406,582109,582112

ASK ABOUT THIS PROPERTY

Alex RhotenColdwell Banker Commercial Mountain WestMore Info
503-587-4777

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Alex RhotenColdwell Banker Commercial Mountain WestMore Info
503-587-4777

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