3300 State St - Medical FOR SALE


Salem, OR 97301- Northeast Salem
$12,485,000 USD
503-588-4146
3300 State St, Salem, OR for Sale
$12,485,000 USD
Medical - FOR SALE
1/16
null | 7.17% Cap Rate

3300 State St
Salem, OR 97301
Northeast Salem


HIGHLIGHTS

  • Single-tenant NNN investment
  • Same tenant since construction
  • Leased through February 2030
  • New roof in 2025

OVERVIEW

The subject property is a two-story, Class A, suburban office occupied by the regional hospital group since its construction and houses the Salem Health Laboratory now. The property is in excellent condition, with a new roof in 2025, and features robust parking and a package truck loading dock. Salem Health operates a drop-in laboratory location and processing facility. This is a strategic location for them as it is centrally located in the market with good parking, so patients can get in and out quickly.

FOR SALE DETAILS

PRICE

$12,485,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

7.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salem Health

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

IC

APN/PARCEL ID

582460

ASK ABOUT THIS PROPERTY

Curt Arthur, SIORSVN | Commercial Advisors, LLCMore Info
503-588-4146

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Curt Arthur, SIORSVN | Commercial Advisors, LLCMore Info
503-588-4146

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