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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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Properties


1244 Front St. NE

69,660 GSF concrete warehouse/manufacturing facility including a small interior office component. The property includes adequate on-site and off-site parking for employees. CAM's are estimated in the range of $0.03 - $0.05/SF per month.

  • Facility is designed for light manufacturing and/or warehouse/distribution
  • Reinforced cement flooring for industrial uses.
  • Includes 8 - 14' x 14' grade level overhead doors and 2 grade level man doors.
  • Three Phase 480V Power
  • All utilities separately metered
  • Construction type is III-N with a wet sprinkler system
  • The warehouse/manufacturing area is an open area floor plan with clear height of approx. 24-24 feet including two support columns 20 foot on center north to south and 80 foot on center east to west.
  • Property is in the Enterprise Zone.
  • This is a Sub-Lease

Property Details:

Address:
1244 Front St. NE
Salem, OR 97301
Price: $$0.50/SF/mo. NNN
Available SF: 69,660
Zone: CO (Commercial Office) in the Riverfront Overlay Zone
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer

1330-1380 Front St. NE & 295 Hood St. NE

33,125 SF concrete warehouse/manufacturing facility including a small interior office component. Covered 8 truck dock facility with direct access to Warehouse #1. The warehouse/mfg. area floor plan is divided into two primary sections with access between the sections. The division within the warehouse lends itself to a possible division of the warehouse. The property includes adequate on-site parking for employees on the graveled lot on the corner of Commercial & Gaines Streets. The CAM's are estimates in the range of $0.04 - $0.06/SF per month.
  • The facility is designed for light manufacturing and/or warehouse/distribution with reinforced cement flooring for industrial uses.
  • Three 14' x 14' grade level overhead doors; Four 8' x 12' dock high overhead doors
  • Two grade level man doors
  • Rail spur access (rail spur remains active)
  • Construction type is II-N with B-2 occupancy
  • All utilities separately metered
  • Property is located in the Enterprise Zone
  • THIS IS A SUB-LEASE

Property Details:

Address:
1330-1380 Front St. NE & 295 Hood St. NE
Salem, OR 97301
Price: $$0.55/SF/mo. NNN
Available SF: 33,125
Zone: CO (in Riverfront Overlay Zone)
Type: Industrial
Term: Lease
Broker: Terri Frohnmayer

1515-1535 Liberty St. SE

The structure is approximately 8,708 SF on two levels:
The main floor is currently divided into two suites:
Suite 1535 - Medical Suite - Approximately 3,923 SF - $1.50/SF/mo. NNN
Suite 1515 - Professional Office - Approximately 3,500 SF - $1.35/SF/mo. NNN
Finished Lower Level - 1,285 SF. Can be accessed from Suite 1515 - $0.75/SF/mo. NNN
and is nicely designed for work overflow, work stations and dry storage. Restroom included.

Property Details:

Address:
1515-1535 Liberty St. SE
Salem, OR 97302
Price: $$0.75 to $1.50/SF/mo. NNN
Available SF: 3,923, 3,500 & 1,285 SF
Zone: CO
Type: Office
Term: Lease
Broker: Terri Frohnmayer/Josh Kay

333 High St. NE

Office space located in a three-level professional office building in downtown Salem.  Lower level in space includes up to three (3) suites from 933 RSF to 4,806 RSF.

Street Level Space is 402 RSF.  Great street exposure.  Tenant has access to ADA restrooms on the second floor.  

  • Elevator Served
  • ADA Restrooms
  • Functional open office designs, ready for potential improvements, if needed.
  • On-site parking may be available.

Property Details:

Address:
333 High St. NE
Salem, OR 97301
Price: $0.75 - $1.99/SF/mo. FS less janitorial
Available SF: 402 to 4,806
Zone: CBD
Type: Office
Term: Lease
Broker: Terri Frohnmayer

3700 River Rd. N

  • Great visibility with River Rd. Frontage
  • Good parking at 4/1000
  • Space consists of four private offices/conference room
  • One ADA Restroom
  • Lobby/reception area
  • New Ownership/Management

Property Details:

Address:
3700 River Rd. N
Keizer, OR 97303
Price: $1.00/SF/mo. NNN
Available SF: 1,221
Zone: CM
Type: Office
Term: Lease
Broker: Jeff Miller

3700 River Rd. N - Suite 14

Approx. 1,000 rentable square feet of open salon/office space.  The space consists of open work area, includes one (1) breakroom with washer and dryer hook-ups and sink as well as one (1) storage area with sink and one (1) ADA restroom.

  • Four (4) Hair Stations
  • Two (2) Washing Stations
  • One (1) "Mixing Room"
  • All equipment is personal property and can be negotated to purchase outside of the lease negotiations.

Property Details:

Address:
3700 River Rd. N - Suite 14
Keizer, OR 97303
Price: $1.00/SF/mo. NNN
Available SF: 1,000
Zone: CM - (Commercial Mixed Use)
Type: Retail
Term: Lease
Broker: Jeff Miller

Candlewood Industrial Park

1,440 SF Available

Unit 1243 is 1,440 SF double unit and has small office and mezzanine storage. Includes two man doors, two 12' grade level doors, one 75,000 BTU gas heater and one dedicated 220v, 200 amp electricial panel.

Unit 1253 is 720 SF single unit.  Includes one man door, one 12' grade level door, one 75,000 BTU gas heater and one dedicated 220v, 200 amp electrical panel.

  • Located in the City of Keizer between Cherry Avenue and Salem Parkway, the property has easy access to I-5 via the Parkway.
  • Located in an IG (General Industrial) Zone
  • Base rent is $0.625/SF/mo. NNN.  NNN's are estimated at $0.10/SF/mo.

Property Details:

Address:
1243 & 1253 Candlewood Dr. NE
Salem, OR 97303
Price: $$1,044/mo. & $522/mo.
Available SF: 720 to 1440 SF +/-
Zone: IG (General Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

Downtown Salem's Preeminent Redevelopment

OFFICE or RETAIL - 260 LIBERTY ST.

Suite 10: (Lower Level) Approx. 11,200 RSF $0.90/SF/Mo. - Full Service (less janitorial)
Lower level is to be taken in “As-Is” Condition.

Suite 200 (Upper Level) Approx. 11,000 RSF (can be demised) $1.85/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.

RETAIL or OFFICE - 268 LIBERTY ST.:  Street Level Approx. 2,000 USF  $1.80/SF/Mo. - NNN

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: $0.80/SF/Mo. - $1.85/SF/Mo. - Full Service
Available SF: 2,000 - 11,200 SF
Zone: CB (Central Business District)
Type: Office, Retail
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

First Generation Industrial Space

PROPERTY DESCRIPTION
• First generation, metal framed with metal siding (currently under construction). Entire property is approximately 3.02 acres (170,155 SF)
• Unit will have 208v 3-phase power, gas heat, fully insulated, three 10’ high grade level doors, clear height of approx. 12’6” to 17’7” at peak and will be serviced with city water and sewer.

Property Details:

Address:
565 Lloyd Lane
Independence, OR 97351
Price: $0.55/SF/Mo - NNN
Available SF: Approx. 11,968 SF
Zone: IH (Heavy Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

First Generation Retail Space

  • First generation retail space will be constructed of CMU block with glass frontage, metal awnings and a drive-thru.  
  • Building can accommodate two or three smaller retail tenants all of which will be served by NW Natural Gas, PGE and City of Salem water/sewer.
  • Parking ratio of 5/1,000 SF
  • Excellent accessibility to I-5 is only one half (0.5) miles from the Portland Rd. (Hwy. 99) I-5 Interchange.
  • Located on the Salem’s Cherriots transit line.
  • Listing broker is part of ownership.

Property Details:

Address:
3994 Portland Rd. NE
Salem, OR 97301
Price: $Call for Pricing
Available SF: approx. 2,652 RSF
Zone: CR (Commercial Retail)
Type: Retail
Term: Lease
Broker: Jeff Miller

Fully Fenced/Gated Warehouse

  • 200 amp with 208v 3-phase power
  • 18' clear height
  • Three grade level electric doors - 16'h x 14'w; four man doors
  • Gas heat - fully insulated with insulated grade doors
  • City water/sewer
  • The Landlord is negotiable on the TI packages for an office build-out and will separately meter the building's gas and electricity
  • Building will be ready for occupancy August 1, 2018
  • Direct access off of Independence Highway (Hwy 51)
  • 2 ADA restrooms
  • Air compressor and lines

Property Details:

Address:
4445 Independence Hwy
Independence, OR 97351
Price: $0.45/SF/mo. NNN
Available SF: 10,000
Zone: IL
Type: Industrial
Term: Lease
Broker: Jeff Miller

Industrial Warehouse with Fenced Yard

INDUSTRIAL WAREHOUSE WITH FULLY FENCED YARD

Historically, this building was home to the Marion County shops. Ideally positioned along Silverton Rd and across from the State Fair Grounds. This industrial building is fully insulated, has a new roof and has newly installed interior heater units. Flexible IG zoning allows for a wide range of uses.  Completely resurfaced.  Newly installed secure perimeter fencing.

Tenant is responsible for: Water, Electricity, Gas, Janitorial, Contents & Liability Insurance, Trash Removal, Real Property Taxes, Interior Building Maintenance and Landscape/Parking Area Maintenance.

Property Details:

Address:
1705 Silverton Rd. NE
Salem, OR 97301
Price: $Warehouse: 0.85/SF/mo. NNN | Yard: $0.07/SF/mo. NNN
Available SF: 2,100 SF +/- Warehouse | 109,900 SF +/- Yard Space
Zone: IG (Industrial General)
Type: Industrial
Term: Lease
Broker: Joshua Kay

Madrona Office Park - Office Suite Available

$1.85/SF/Month - Modified Gross

• TI allowance of $70/SF for qualified tenant with acceptable terms.
• First class medical or professional office space ready for co-tenant’s design and build out.


Property Details:

Address:
2045 Madrona Ave. SE
Salem, OR 97302
Price: $1.85/SF/Mo. - Modified Gross
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

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: $Call Broker
Available SF: 2,957 to 21,670
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Jeff Miller

Professional Office Space - Sub Lease

Small Office that has been occupied by a dentist but could be used for salon/day spa, massage therapist or general office use.  Located on the north end of downtown Salem, just north of the newly proposed Salem Police Station.

Space is configured with front office area, reception area, exam rooms with sinks, lab area, breakroom and two restrooms.  Outside storage area as well as basement storage with washer/dryer hook-up.  Central vacuum system.  Gorgeous views of Mill Creek!

Property Details:

Address:
868 Commercial
Salem, OR 97301
Price: $1,800.00/mo. MG
Available SF: 1,061
Zone: CG - Commercial General
Type: Office
Term: Lease
Broker: Ruth Dana

Professional Office Space Visible to Liberty St. SE

FEATURES
• Professional office building known as the "Lighthouse" Professional office. 

 • Elevator served second story office space consisting of numerous private offices, large conference room, break area, storage capacity and restrooms.

• The interior of the space is nicely designed with expansive windows and the interior office layout is very functional with 7 private offices.

 

 

Property Details:

Address:
350 Miller Street SE
Salem, OR 97302
Price: $1.80/SF/Mo. - Modified Gross
Available SF: Approx. 3,542 RSF
Zone: CO (Commercial Office)
Type: Office
Term: Lease
Broker: Terri Frohnmayer

REDUCED: Independence - 10,000 SF Industrial Bldg.

Second Generation Space in a pre-engineered metal building with metal siding.  The unit is approx. 10,000 SF wiith 700 SF of office space.  The entire property is approx. 3.92 acres (170,755 SF), is zoned IH (Heavy Industrial) and within an Enterprise Zone.

Located in an industrial area just east of the Independence State Airport. Other businesses in the area include: Forest Products Packaging Co., Elm Ridge Manufacturing, Inc., Elkay Manufacturing, Hancock Forest Management, Custom Trailerwerks, Strata Textiles, Lava River Forestry and more. The property is approx. 15 miles SW of Salem and I-5 with good connectivity via Highway 22 and Highway 51.

  • One (1) 400amp 208V 3-phase power panel
  • Two (2) suspended gas heaters
  • Fully insulated
  • Two (2) ADA restrooms
  • Three (3) 10' high grade level doors
  • Three (3) man doors
  • Clear heights of 12'6" to 17'7" at peak
  • Serviced by City water and sewer.

Property Details:

Address:
565 Lloyd Lane
Independence, OR 97351
Price: $0.45/SF/mo. NNN
Available SF: 10,000
Zone: IH (Heavy Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

The Kenneth A. Holmes Building - Ferry St. Suites 1 &2

FEATURES

Suite 1 includes 1 private office and a large reception area.  New carpet and 2 designated parking spaces.

Suite 2 includes 5 offices/conference and 3 designated parking spaces.

222 High Street is comprised of approximately 7 private offices, 2-3 conference rooms, large reception/waiting area, and 2 large open work areas.  Currently leased short-term.

All available suites include access to a nice training/conference room, a break room and ADA restrooms.

Property Details:

Address:
544 Ferry Street
Salem, OR 97301
Price: $$1.70/SF/Mo. - $1.90 - FS (excluding janitorial)
Available SF: Approx.739 - 5,667 RSF
Zone: CB (Central Business District)
Type: Office
Term: Lease
Broker: Terri Frohnmayer