Listed by Tradition Real Estate Partners
$4,900,000
325 Patterson Street Northwest
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 82,000
Year Built 1954/56
Acreage 4.320
Ceiling Height 22'
Loading Docks 2
Dock High Doors 2
Industrial | 82,000 SqFt
Marketing description
The property consists of 2 warehouse with shared common wall containing 82,000 SF, plus a 4,650 SF office located on a 4.32-acre site with approximately 1.8 acres of yard space. The site has extensive frontage and access on both Patterson Street
NW and Murlark Street NW. These streets connect with State Highway 22 via Edgewater Street NW less than one-half mile to the south. Highway 22 extends west to the Oregon Coast and east to Central Oregon. It also provides access over the Willamette River to downtown Salem approximately one mile east of the property. There are multiple routes to Interstate 5 (Market Street, Highway 22, Salem Parkway) as close as 3.5 miles from the site.
Warehouse A is 42,000sf with its own 2.81-acre site that has a 1.8-acre yard, 22' clear height, clear span construction, grade and dock level doors, a sprinkler system, and 480 V/ 220 V power.
Warehouse B is 40,000sf with its own 1.51 acre site, 22' clear height, clear span construction, grade and dock level doors with ramp, a sprinkler system, 480 V/ 220 V power, and a 4,650sf office with break room.
The Property is located within the City of Salem, the capital city of Oregon. It competes with Eugene for the title of second largest city in Oregon, with a population of approximately 183,000.. Salem is located approximately 50 miles south of the Portland metro area along Interstate 5, providing close proximity to over 2 million residents. Salem has seen steady economic and population growth over the past decade. It is located in the Mid-Willamette Valley which stretches from the Willamette River to the Cascade Mountains, encompassing more than 2,000 square miles. The region consists of Marion, Polk, and Yamhill Counties with Salem at its center. The Mid-Willamette Valley is the greatest producer of agricultural products in Oregon, and also a strong manufacturing and distribution region with a prime location on Interstate 5 between California and Washington. It is a West Coast logistics hub with more than one million workers within a 45-mile radius. The City of Salem has over 8,250 business establishments employing over 94,000. Major employers include the State of Oregon, Salem Health, Oregon Fruit Products, and United Technologies, among others.
The subject’s immediate area is commonly known as West Salem. It is located west across the Willamette River one mile from downtown Salem. This area is characterized by a relatively small, older industrial area local retail commercial services, and a relatively large and established single-family oriented residential base. West Salem has the feel of its own smaller town within Salem.
Investment highlights
- 82,000sf (40,000sf and 42,000sf)
- 4.32 Acre Site
- 22' Clear Height
- Built in 1954/56
- 4,650sf Office Area
- Clear Span
- 2 - Grade Level Door
- 2 - Dock Door With Ramp
- Interior Ramp
- Sprinkler System
- 480 V/ 220 V Power
Listing Contacts
Listed by Tradition Real Estate Partners
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