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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


SOLD: Allen Plaza

FEATURES

• Very nice office/retail Investment Property:  2 commercial buildings, approx. 13,500 SF on one tax parcel, approx. 0.77 acre.
• Great central Keizer location with easy access to I-5 via Salem Parkway
• Signage is available on River Road N and Cherry Ave. NE and above entrance to the suite
• New exterior paint

• Two Suites Available For Lease

• Suite 4118 - Approx. 1600 SF.  Includes 3-4 private offices/conf. area, open work space and ADA restroom

• Suite 4120 - Approx. 1400 SF.  Includes large overhead door, separate entry/waiting area and open/expansive work area.  Newly painted.

• Current Tenants: York Custom Mechanical, Salem-Keizer Brazilian Jiu-Jitsu and retailer "We Buy Stuff".

Property Details:

Address:
4120-4122 River Rd. N & 4155-4159 Cherry Ave. NE
Keizer, OR 97303
Price: $Confidential
Available SF: 13,500 SF (2 Bldgs) | 4120 River Rd. Suite B: 1,400 SF
Zone: CM (Commercial Mixed Use)
Type: Office, Retail
Term: Sale, Lease
Broker: Terri Frohnmayer

SOLD: Industrial Warehouse/Manufacturing w/ Dock

Total of approx. 26,660 SF
• 22,364 SF Industrial Floor
• 2,846 SF 1st floor office/break area
• 1,450 SF second floor office

Unit B Available For Lease (10,481 SF approx.)

Property Details:

Address:
1947 Claxter Rd. NE
Salem, OR 97301
Price: $Confidential
Available SF: Approx. 26,660 SF warehouse w/ dock
Zone: IP (Industrial Park)
Type: Industrial
Term: Sale, Lease
Broker: Terri Frohnmayer & Jeff Miller

VISTA340 - 100% LEASED

• Long known as the Prudential Building this building is an iconic staple to the South Salem landscape. Now christened VISTA340, this office building is new inside and out.
• Rich Duncan Construction is the project coordinator for this beautiful remodel.
• Lease is a full service rate less janitorial.
• Lease rate includes a Tenant Improvement (TI) allowance for new floor coverings, wall paint and some wall structures for a qualified tenant.

Property Details:

Address:
340 Vista Ave. SE
Salem, OR 97302
Price: $CONFIDENTIAL
Available SF:
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Terri Frohnmayer & Joshua Kay

110 Salem Heights Ave. SE

  • Nice small office space with great visbility at intersection of Liberty Rd. S and Salem Hts. Ave. S
  • Space is configured with one private office, conference room/private office, open work space.
  • Coffee bar with sink, dishwasher and microwave
  • One ADA restroom
  • Suite can also accommodate "Executive Suite" needs for the small office user
  • Two dedicated off-street parking spaces with the ability to rent more or utilize off-street parking for free.
  • Space has updated lighting and paint.
  • Located on the lower level with two dedicated entrances.

Property Details:

Address:
110 Salem Heights Ave. SE
Salem, OR 97302
Price: $1350/mo. MG
Available SF: 1263
Zone: CO
Type: Office
Term: Lease
Broker: Jeff Miller

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

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

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

Candlewood Industrial Park

Approx. 1,344 - 1,440 SF double units.

Includes two man doors, two 12' grade level doors, one 75,000 BTU gas heater and one dedicated 220v, 200 Amp electrical panel.

Unit 1257 has small office and mezzanine storage.

Unit 1275 has small office, mezzanine storage and floor drain.

Unit 1297 is wide open with floor drain.

  • 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:
1257, 1275 & 1297 Candlewood Dr. NE
Salem, OR 97303
Price: $$1,044/mo.
Available SF: 1,344 - 1440 SF +/-
Zone: IG (General Industrial)
Type: Industrial
Term: Lease
Broker: Jeff Miller

Creekside Corporate Center

Creekside Corporate Center is Salem’s preeminent business park, complete with on-site management, full janitorial and facility services.

Tenant improvements are negotiable and the exact allowance is dependent on credit worthiness of Tenant and the financial viability of prospective lease terms.

Conveniently located adjacent to I-5, and within minutes from the State Capitol, Salem Hospital, the Salem Municipal Airport and downtown Salem.

Beautiful 20 acre professional office campus, built in 1999, in a parklike setting.

Property Details:

Address:
670 Hawthorne Ave. SE
Salem, OR 97301
Price: $2.15/SF/mo. FS
Available SF: 2,222 and 5453
Zone: IC (Industrial Commercial)
Type: Office
Term: Lease
Broker: Joshua Kay, Terri Frohnmayer

Downtown Salem Retail/Office Space

  • Prime downtown corner building.
  • Space is configured with security windows in the front office area with open areas in the back.
  • Highly visible location across from Courthouse Square/Transit Mall and within walking distance to the County Courthouse, State Capitol and downtown shopping and restaurants.
  • Excellent exposure with good foot traffic.
  • One on-site parking space available for an additional monthly fee.
  • Lighted signage available on north side of the building.

Property Details:

Address:
245 High St. NE
Salem, OR 97301
Price: $2,200
Available SF: 2000
Zone: CBD
Type: Retail
Term: Lease
Broker: Terri Frohnmayer

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: $0.55/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: 7,700 SF +/- Warehouse | 109,900 SF +/- Yard Space
Zone: IG (Industrial General)
Type: Industrial
Term: Lease
Broker: Joshua Kay

Lancaster Plaza - Affordable Office Space

Lancaster Plaza is a professional office plaza that has been a staple of Lancaster Drive since construction in 1979.  The plaza is home to many professional office, dental and medical users.

  • High traffic counts
  • Ample parking
  • On bus line
  • Signage available

Property Details:

Address:
1800 Lancaster Dr. NE
Salem, OR 97305
Price: $1.19/SF/mo. MG
Available SF: 2,100
Zone: CO
Type: Office
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: $0.95/SF/Month - Gross
Available SF: Approx. 7,229 RSF
Zone: CR (Commercial Retail)
Type: Office
Term: Lease
Broker: Jeff Miller