New Industrial Building For
4405 Turner Road SE Salem, OR 97317
4405 Turner Road SE, Salem, OR, 97317
Contact for pricing
For Sale
Contact for pricing
New construction industrial building near I-5, completion January 2024.
Property Size193,758 SF
Price / SF$185
Days on Market1294
Property Features for 4405 Turner Road SE
General Information
- Standard status
- Active
- Size
- 193,758 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2024
Listing agency
Macadam Forbes
(503) 972-7292
Listed by
Clayton Madey · License #OR 201727196
Source
Crexi
Added: Jan 4, 2023 Updated: Jul 6 at 8:31AM Checked: Jul 19 at 2:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes
Investment Insights
Based on property information with market context.
A new-construction industrial building is available for sale or lease. The building, with a property size of 193758 square feet, is currently under construction and is estimated to be completed in January 2024. The property is located near I-5.
Key Highlights
- New construction industrial building, available for sale or lease.
- Conveniently located near I‑5.
- Under construction, with estimated completion in January 2024.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.56M | $13.20 |
| − Vacancy | −$127.9k | −$0.66 |
| EGI | $2.43M | $12.54 |
| − OpEx | −$364.5k | −$1.88 |
| NOI | $2.07M | $10.66 |
193,758 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$29.50M
$25.82M – $34.42M
NOI $2,065,267 @ 7.0% cap · market cap 5.76%
Second Best
Industrial
$26.51M
$23.19M – $30.92M
NOI $1,855,427 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$51.44M
$45.01M – $60.02M
NOI $3,601,109 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Turner Road Storage — 4555 Turner Rd SE, Salem, OR 97317
- BlueBox Storage — 4725 Turner Rd SE, Salem, OR 97317
- Lock & Go Storage — 5110 36th Ave SE, Salem, OR 97317
- Lineage — 4301 Henningsen Ct SE, Salem, OR 97317
- Lineage Logistics — 4301 Henningsen Ct SE, Salem, OR 97317
FAQs
What type of property is this?
Warehouse - New construction industrial building near I-5, completion January 2024.
Where is this warehouse located?
The property is located at 4405 Turner Road SE Salem, OR.
What is the asking price?
The asking price for this property is $35,845,230.
What are key features of this property?
This property features: New construction industrial building, available for sale or lease.; Conveniently located near I‑5.; Under construction, with estimated completion in January 2024.
