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First Commercial Real Estate
3550 Liberty Road South, Suite 290
Salem, Oregon 97302-5622
Phone: 503.364.7400   |   Fax: 503.364.7422

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Term:

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Properties


Park Front - 100% LEASED

• Park Front will be a Class A premier office building with wonderful views of Riverfront Park, Minto Brown Park and the new Peter Courtney Minto Island Pedestrian Bridge.
• This classic designed building will have a similar feel to the flat topped style of New York City’s Flatiron Building.
• Urban office setting within walking distance to professional services, government agencies, restaurants and more.

Property Details:

Address:
235 Front Street SE
Salem, OR 97301
Price: $CONFIDENTIAL
Available SF: Approx. 3,312 to 7,055 RSF Remaining
Zone: CB (Central Business District)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

12th Street Office Building

Fully improved professional office building, approximately 6,338 SF on 0.41 acre

• Professional office building with several points of entry suitable for single or multi-tenant use
• Two story building includes a reception/waiting area on each floor with numerous private offices
• Approx. 15 private offices, three generous conference areas, six restrooms and one break area
• Constructed in 1967 (remodeled over the years) and is designed around an outdoor courtyard
• There are approximately 20 to 22 on-site parking spaces for both clients and employees

Property Details:

Address:
2701-2731 12th Street SE
Salem, OR 97302
Price: $REDUCED: Now: $598,000.00 | Lease: $1.20/SF/Mo (1st Floor) $1.10/SF/Mo. (2nd Floor)
Available SF: Approx. 6,338 SF on 0.41 acre | Various suite sizes available for lease
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

12th Street Office Suite

SUITE SIZE AND LEASE RATE
$0.90/SF/MO - Modified Gross
Tenant responsible for electricity, garbage, interior maintenance, telephone/internet, security and janitorial.
Suite 240: Approx. 2,045 SF +/-

Property Details:

Address:
2735 12th Street SE
Salem, OR 97302
Price: $0.90/SF/Mo. - Modified Gross
Available SF: Approx. 2,045 SF +/-
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Jeff Miller

Candlewood Industrial Park

• 3 Single Units:  $522/month. Single unit consisting of 720 SF with one insulated man door, one 12’ grade level door, one 75,000 BTU gas heater and one dedicated 220v, 200 amp electrical panel.
• 1 Double Unit:  $1,044/month. Double unit consisting of 1,440 SF with two insulated man doors, two 12’ grade level doors, one 75,000 BTU gas heater and one dedicated 22v, 200 amp electrical panel.

Property Details:

Address:
1241, 1263 & 1269 Candlewood Dr. NE
Salem, OR 97303
Price: $Single Unit 522/month | Double Unit: $1,044/month
Available SF: 3 Single Units Approx. 720 SF & 1 Double Unit: 1440 SF
Zone: IG (General Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

Downtown Salem Restaurant | Retail Opportunity

• Currently outfitted for a commercial restaurant space with seating for 80 in the dining area and an additional 80 seats in the event/banquet space.
• Kitchen is fully operational with range and good, walk-in cooler and food prep stations.
• Property is located in the Riverfront Downtown Urban Renewal Area and eligible for grant financing.

Property Details:

Address:
440 State Street
Salem, OR 97301
Price: $699,000.00 | $0.80/SF/Mo. - MG
Available SF: Approx. 9,384 SF building on approx. 0.14 acre
Zone: CB (Central Business District)
Type: Retail
Term: Sale, Lease
Broker: Terri Frohnmayer & Joshua Kay

Downtown Salem's Preeminent Redevelopment

OFFICE or RETAIL

Suite 10: (Lower Level) Approx. 10,770 RSF $0.85/SF/Mo. - Full Service (less janitorial)
Lower level is to be taken in “As-Is” Condition.

Suite 200 (Upper Level) Approx. 10,035 RSF $2.00/SF/Mo. - Full Service (less janitorial)
Upper level office space will include a Tenant Improvement Allowance of $30.00/USF for interior improvements such as floor covering, wall paint, demising wall structures, break area, etc. for a financially qualified tenant.

In the heart of downtown Salem and across from regional shopping center, Salem Center and Liberty Plaza. Close proximity to Salem area restaurants, shopping, hospitality, entertainment, transit, State and County government offices, Riverfront Park and more.

 

Property Details:

Address:
260 Liberty St. NE
Salem, OR 97301
Price: $0.85/SF/Mo. - $2.00/SF/Mo. - Full Service
Available SF: Ste. 10: Approx. 10,770 RSF | Ste. 200: Approx. 10,035 RSF
Zone: CB (Central Business District)
Type: Office, Retail
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

Downtown Small Office Suites

Offices can be rented individually or combined. Total available combined square footage is approx. 756 SF. 

Lease structure is Full Service with tenant responsible for its own janitorial, voice/data services, personal property taxes and contents and liability insurance.

Property Details:

Address:
247 Commercial St. NE
Salem, OR 97301
Price: $350/month - Full Service - $430/month FS
Available SF: Individual Suites from 160 SF to 256 SF
Zone: CB (Central Business District)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

High Visibility Corner Retail Location

FEATURES
• Formerly the long time home of Gabriel’s Furniture, this location has excellent visibility on the northeast signalized corner of Capitol and Union Streets.
• The current building design includes a very large open area, high ceilings and expansive windows for good natural lighting.
• The existing restroom is not ADA accessible, however, the Landlord is willing to upgrade the restroom to current code.
• The lease rate includes on-site dedicated parking spaces where the number of spaces shall be mutually agreed upon by the Landlord and Tenant.

Property Details:

Address:
610 Capitol St. NE
Salem, OR 97301
Price: $0.75/SF/Mo. - NNN
Available SF: Approx. 6,200 SF
Zone: CR (Commercial Retail)
Type: Retail
Term: Lease
Broker: Terri Frohnmayer

Industrial Facility: Warehouse, Office & Secured Yard

Rare industrial opportunity with excellent I-5 access.  Fully insulated structure is comprised of aggregate concrete and metal siding and roof. Property is served by private well and septic system. Of the 7,220 SF of warehouse space, 3,720 SF was added in 2006.  Owner prefers a lease with option to purchase.

Property Details:

Address:
8810 Huff Ave. NE
Keizer, OR 97303
Price: $Blended Rate: $0.70/SF/Mo. - Modified Gross
Available SF: Warehouse: Approx. 7,220 SF | Office: Approx. 2,500 SF
Zone: IUC (Unincorporated Community Industrial) Zone
Type: Industrial
Term: Lease
Broker: Joshua Kay

Industrial Warehouse/Manufacturing w/ Dock

PROPERTY DESCRIPTION
• Entire property is fenced and gated with Suite B having one access point.

• 16’ 10” clear height.

• Heavy power 480V 3-Phase Power with two service mains.

• One 14H X 16W grade level doors.

• One shared covered dock 10H X 10W overhead door servicing four truck wells with levelers.

 • Landlord pays real estate taxes and insurance and exterior building maintenance.

• Tenant responsible for utilities, phone/data, janitorial, interior maintenance and content and liability insurance.

Property Details:

Address:
1947 Claxter Rd. NE - Unit B
Salem, OR 97301
Price: $0.55/SF/Mo - Modified Gross
Available SF: Approx. 10,481 SF warehouse w/ dock
Zone: IP (Industrial Park)
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer & Jeff Miller

Keizer Office Suite

The Ramsey Dental Group building, is currently undergoing a complete renovation.  The suite consists of several offices, conference rooms, reception area, 2 restrooms, a kitchen and break room.

• CO (Commercial Office) Zone
• Abundant on-site shared parking
• Located in the heart of Keizer’s downtown core with easy access to Salem Parkway, I-5 and downtown Salem.

Property Details:

Address:
4724 River Rd. N.
Keizer, OR 97303
Price: $0.95/SF/Mo. - Modified Gross
Available SF: Approx. 1,300 SF
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Joshua Kay

Madrona Office Park - Office Suite Available

$1.75/SF/Month - Full Service (excluding janitorial, voice/data services)
• First class medical or professional office space ready for co-tenant’s design and build out.
• The Landlord is open to provide an attractive TI package or extended free rent or combination of both, depending on the overall structure of the lease.

Property Details:

Address:
2045 Madrona Ave. SE
Salem, OR 97302
Price: $1.75/SF/Mo. - Full Service
Available SF: Approx. 2,356 SF
Zone: IC (Industrial Commercial)
Type: Office
Term: Lease
Broker: Jeff Miller

McNary Square Professional Offices

NOTES

•  Current floor plans have the first floor at approximately 10,238 gross square feet and the second floor at approximately 7,775 gross square feet.

• Building is elevator served and currently is comprised of six suites.

• Originally constructed in 1981 and has experienced good tenancy throughout the years with both public and private sector tenants

• Centrally located, close to downtown and the Marion St. bridge to West Salem

• Good on-site parking with a ratio of 4 : 1,000 SF

Property Details:

Address:
750 Front Street NE
Salem, OR 97301
Price: $1,950,000.00 | $1.32-$1.40/RSF/Mo. - FS
Available SF: 18,013 Gross SF on 1.24 AC | 618 RSF - 6,136 RSF
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

Medical Office Space Visible to Liberty St. SE

FEATURES
• Professional office building known as the "Lighthouse" Professional office.  Two levels, ADA with elevator access to 2nd level.

• Main level designed and improved for medical use, approx. 3,878 SF plus a garage/storage area of 530 SF.

• The second level office space is elevator served consisting of numerous private offices, large conference room, break area, storage capacity and restrooms.

• Second level is currently leased.

Property Details:

Address:
350 Miller Street SE
Salem, OR 97302
Price: $2,150,000 | $2.20/SF/Mo. - Modified Gross
Available SF: Total: 8,960 SF on 0.39 acre & Lease: Approx. 4,408 RSF
Zone: CO (Commercial Office)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

New South Salem Retail Center

FEATURES
• New retail development located along Commercial Street SE in highly desirable, high-growth South Salem trade area.

• End-cap with drive thru will be considered for qualified tenants. 

• Owners will consider a build-to-suit or ground lease for a single-use tenant such as a bank or quick serve restaurant concept.

• Project will enjoy excellent exposure and signage to busy Commercial St. SE

• High-growth retail trade corridor includes: WalMart, Safeway, Carl’s Jr. Applebee’s, Taco Bell, Burger King, McDonald’s, Columbia Bank, Oregon Community Credit Union and many others.

Property Details:

Address:
5503 Commercial St. SE
Salem, OR 97306
Price: $TBD
Available SF: Approx. 1,200 - 6,600 SF
Zone: CR (Commercial Retail)
Type: Office, Retail
Term: Lease
Broker: Terri Frohnmayer

Northgate Center

FEATURES

• Originally built in 1971, the building is undergoing major renovations which include: new roof, siding, HVAC, exterior/interior lighting, exterior/interior paint, carpet, landscape upgrades, fenced parking, ceiling tiles and camera surveillance system.
• The facility is ADA accessible and the second floor is elevator served.
• Located at the north gateway to Salem with convenient access to I-5 only half mile away.

 

Property Details:

Address:
3850 Portland Rd. NE
Salem, OR 97301
Price: $0.95/SF/Month - Gross
Available SF: Approx. 753 RSF to 11,508 RSF available
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Jeff Miller

Office Suite in the CEP Building

FEATURES

• Approx. 2,659 rentable SF of first class office space on the ground floor of a two-story Class A office building

• This beautifully designed building provides a mid-sized high tech multi-media auditorium and food service area that is available on a limited use basis by the Tenants of the building. ADA shared restrooms are provided.

• Site offers excellent on-site parking, 10 spaces plus designated visitor parking. Property is also located on Salem’s Cherriots transit line.

Property Details:

Address:
4070 27th Court SE
Salem, OR 97302
Price: $1.90/SF/Mo. - Full Service
Available SF: Approx. 2,659 RSF
Zone: IBC (Industrial Business Campus)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

Riverside Professional Center

SIZE

Approximately 23,153 gross SF and 22,004 rentable SF.
Situated on one tax parcel on approx. 2.07 acre (90,169 SF)


Suite 250: Approx. 3,076 USF | 3,384 RSF
Contains seven private offices and/or consultation rooms with good natural light, ample reception area, a larger open work/conference area(s), convenient waiting area, storage/server room, break and utility work room and one unisex ADA restroom. Landlord shall provide approx. 15 non-reserved parking spaces available to tenant’s employees and customers.

6% Fee to Tenant's Broker!

Property Details:

Address:
2925 River Rd. South
Salem, OR 97302
Price: $4,975,000 | Lease: $1.90/SF/Month - Full Service
Available SF: Total: 23,153 GSF | Ste.250: 3,384 RSF
Zone: CR (Commercial Retail)
Type: Office
Term: Sale, Lease
Broker: Terri Frohnmayer

South Salem Office Space

• Located just south of downtown Salem in the desirable Liberty Street corridor which is populated with many other professional office and medical services
• Building provides common area restrooms for all occupants of the building
• Tenant is responsible for its own personal property taxes and contents and liability insurance
• On-site shared parking spaces off the alley shall be provided
• Signage is available on the existing sign fronting Liberty Street

Property Details:

Address:
1645 Liberty Street SE - 2nd Level
Salem, OR 97302
Price: $425.00/Month - Full Service
Available SF: Approx. 365 SF
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

The Kenneth A Holmes Building - High Street

• This street level suite has its own entrance off of High Street.
• The corner suite is comprised of 7 private offices, 2-3 conference rooms, large reception/waiting area and 2 large open work areas.
• The suite includes access to a training area, a break room, ADA restrooms and secured on-site parking.

Property Details:

Address:
222 High Street
Salem, OR 97301
Price: $1.90/SF/Mo. - Full Service (less janitorial
Available SF: Approx. 5,147 USF | 5,662 RSF
Zone: CB (Commercial Business District)
Type: Office
Term: Lease
Broker: Terri Frohnmayer