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30045299
30045300

250 Church St SE, Salem, OR 97301

Mosar Commercial Properties
Listed by Mosar Commercial Properties
$9,000,000
94 days on market
Updated 24 days ago
Opportunity zone

Park Place Professional Center

Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 36,100
Cap Rate 6.70%
Occupancy 93.6%
Tenancy Multi
Lease Type Gross
Price per SqFt $249
Class A
Year Built 1995
Stories 3
Acreage 1.550
Zoning CBD
Parking Spaces 130 spaces
Parking Per SqFt 3.60
Sale Condition For sale by owner

This well-maintained Class-A office building is available for acquisition at a 6.70% cap rate.

Marketing description

Park Place Professional Center - 250 CHURCH ST. SE, SALEM, OR 97301

Discover an exceptional investment opportunity in downtown Salem's premier Class A office building - Park Place Professional Center. With a strong 6.70% CAP rate and recent upgrades including a new membrane roof and HVAC system, this property offers stability and growth potential for investors. Boasting a prime location near Salem Hospital, the Oregon State Capitol, and dining amenities, this well-maintained property with 93.6% occupancy features quality tenants like Saalfeld Griggs Law Firm and Just Compassion. With 39,683 SF of space spread across 3 floors and ample parking, Park Place Professional Center stands out as a top destination for businesses seeking a modern and prestigious office environment. Don't miss this opportunity to own a lucrative piece of Salem's downtown real estate with strong tenant retention and a prominent presence in the Central Business District.

Listing Contacts

Mosar Commercial Properties
Listed by Mosar Commercial Properties

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