Fully Leased Investment Property

$10,900,000

4825 Commercial St SE Salem, OR 97302

About this listing

100% leased - 6.57% CAP

Established tenants (5-10yr terms)

398 shared parking spaces

Near major arterial in S. Salem

High-traffic counts

Established and well-located multi-tenant investment property in Salem, Oregon. This 100% leased retail property includes 55,472 SF of building space. Current tenants are established local names: the Oregon Department of Motor Vehicles, Judy's Appliances, Physiq Fitness gym and Mega Markdowns retail store; all of which are on long term (5-10yr) leases. 4825 Commercial Street Southeast is an investment opportunity located within a retail complex in a highly trafficked area of Southeast Salem. This retail complex includes three buildings, one of which is the subject property, who all share the site’s parking lot, a total of 398 spaces, through a shared parking agreement.


**The owner of Physiq Fitness is interested in being a partner in the building, and they are willing to sign a long-term lease.**


Under the shared parking agreement, each parcel/building owner is responsible for paying a percentage of the common area operations and maintenance. The owner of the subject property is in charge of managing the shared parking agreement for the retail complex and is responsible for 68.22% of the total shared parking CAO&M.


This investment property opportunity is located in one of the highest income demographic areas of our community. Located only six minutes from Interstate-5 North and South, the Southeast Salem area continues to expand with more single and multi-family developments to meet the demands of record growing population numbers. As one of the best future developable areas in Salem, many national retailers, like Trader Joes and Costco, have moved to the area.


Buyer to be responsible for verifying occupancy with City of Salem.



Email listing broker for proforma and lease information.

  • Building Size

    55,472 sqft

  • Lot Area

    3.79 acres

  • Year Built

    1983

  • Zoning

    CR

  • MLS ID

    791808

  • Floors

    1

  • Parking Spots

    398

DESCRIPTION

  • • Average Occupancy Rate: 100.0
  • • Lot Size: 2-5 Acres
  • • Age: 31-40 Years Old

Map

REQUEST INFORMATION

Yes, I would like more information from Coldwell Banker Commercial ("CBC"). Please use and/or share my information with a CBC agent to contact me about my real estate needs.

By clicking REQUEST INFORMATION, I agree that this automatically creates an account, and a CBC agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number.
I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.

SIMILAR LISTINGS FROM Alex Rhoten

  • For Sale
    Retail
    15

    409 Court St NE

    $1,600,000
    Salem, OR 97301
  • For Sale
    Retail
    26

    119 N Water St

    $1,150,000
    Silverton, OR 97381
  • For Sale
    Office
    23

    1124 Cornucopia St NW

    $2,100,000
    Salem, OR 97304
  • For Sale
    Land
    8

    2020 State Street

    $275,000
    Salem, OR 97302