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20378129
20378128

3545-3599 Portland Road NE, Salem, OR 97301

JK
OR 201215272, OR
First Commercial Real Estate Services
JM
OR 200303194
First Commercial Real Estate Services
Listed by First Commercial Real Estate Services
$2,500,000
613 days on market
Updated 71 days ago

Plaza Del Sol

Details
APN 526078, 526082
Property Type Industrial, Mixed Use (+2)
Sub Type Shopping Center, Storefront (+1)
Square Footage 39,935
Cap Rate 8.99%
NOI $247,275
Tenancy Multi
Class C
Year Built 1956
Buildings 2
Stories 2
Acreage 3.250
Zoning IC
Investment Type Owner/User

Plaza Del Sol- Owner/User / Investment / Redevelopment

Marketing description

Plaza Del Sol is located on Portland Rd NE in the City of Salem’s North Gateway Urban Renewal Area. This two-building property sits on approximately 3.25 acres on two tax parcels and totals approximately 39,935 SF, which is comprised of ≈20,445 SF of retail/office space in the main building, ≈10,100 SF of warehouse space in a separate warehouse building, and approximately 9,390 of covered lean-to storage area adjacent to the main building. The upper level of the main building (served by an elevator) has approximately 4,080 SF of office space. The main building is home to an array of local businesses with diverse uses and the warehouse building is comprised of two suites leased to an indoor soccer facility and a pallet fabricator. The property contains surplus land which is poised for additional improvements or outdoor storage as well as an tenant-occupied building pad.

Investment highlights

  • Lease Type: Full Service Gross

Listing Contacts

JK
OR 201215272, OR
First Commercial Real Estate Services
JM
OR 200303194
First Commercial Real Estate Services
Listed by First Commercial Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$247,275.00
$20,606.25/mo

Valuation Metrics

0
DSCR
9.89%
Cap Rate
9.89%
ROI

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