560 21ST ST SE Salem OR 97301-6513

Over the last 8 years, this property has been redeveloped with a great mix of cannabis industry tenants who are here to stay. Most tenants have already entered into their renewal option agreements, and all have contributed 100% of their TIs. All cannabis tenants are true NNN Lessees and are sub-metered for electrical use.

The building has extensive infrastructure upgrades including paved parking, stormwater, fencing, heavy electrical, lighting, membrane roofing, and access control. All tenants are in good standing with the State and City, with the appropriate permits for cannabis production, processing, and/or distribution. Additionally, the owners have had great relations with the neighborhood association and city planning/building departments.

This 65,597 SF warehouse is located on 3.1 acres with an additional building to the south and a gravel lot. The accessory building is currently rented month to month to a contractor for storage and a portion of the gravel lot is leased a contractor for fleet parking. This additional space generates revenue as is or could be a great spot for more building improvements.

With a great central location in the Willamette Valley, this property is easily accessible to I-5, Hwy 22, and Hwy 99 West.

Included in sale are two OLCC production licenses. A Turnkey Tier 1 Production License and Business ready for a new operator and a Build-to-Suit Tier 2 Production License with 10,000-SF of approved canopy and partial construction.

Please see additional links for more information on OLCC issued licenses/business for sale.

This is a fantastic opportunity for a cannabis industry participant who is looking to move, expand, or enter the Oregon cannabis space, in a cash positive building.

Only looking for investment purpose? This is a great opportunity for an owner to enjoy the benefits of great long-term tenants, all of which are true NNN, and adding a unique property to their portfolio.

Member of ownership group is a licensed Oregon Principal Broker

• Located in close proximity to I-5, HWY 22, and HWY 99 with excellent access.
• Fully fenced with three electric gate operators.
• Additional lot space for further development.
• Unique tenant mix of cannabis growers, extractors, and distributors with long term leases.