Office Space /OR /Polk County /Salem /525 Glen Creek Rd NW
Office Space /OR /Polk County /Salem /525 Glen Creek Rd NW

525 Glen Creek Rd NW - Office FOR SALE


Salem, OR 97304- West Salem | 
$2,240,000 USD
503-588-4146
525 Glen Creek Rd NW, Salem, OR for Sale
$2,240,000 USD
Office - FOR SALE
1/3
null | 7.51% Cap Rate
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525 Glen Creek Rd NW
Salem, OR 97304
West Salem

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HIGHLIGHTS

  • Suite sizes range from 403 SF - 1,273 SF
  • Full Service Lease rates less janitorial
  • 3.8:1000 parking ratio.
  • Good occupancy history
  • Upside potential with rents

OVERVIEW

21 Oaks is a multi-tenant office building in West Salem with great visibility, a wonderful location, amazing views, and priced at a fraction of replacement cost. With many of the leases far below market rent, there is tremendous upside potential with this iconic building.

FOR SALE DETAILS

PRICE

$2,240,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

21 Oaks Professional Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

MU-III

APN/PARCEL ID

312545

ASK ABOUT THIS PROPERTY

Curt Arthur, SIORCapacity Commercial Group LLCMore Info
503-588-4146

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Curt Arthur, SIORCapacity Commercial Group LLCMore Info
503-588-4146

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

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