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Class A Office Building Available

Salem, OR 97301, Salem, OR 97301

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For Sale

$4,700,000

Class A office building in corporate center, available February 2026.

Type:Office

Property size:

20,082 SF

Price / SF:

$234/SF

HighLights

Class A office building built in 2008, a high‑quality asset.
Entire building (minus a small deli) available February 1, 2026.
Located in Creekside Corporate Center, a premier corporate campus.
Excellent location near Interstate 5 and Highway 22 interchange.
Enjoy a campus setting with Mill Creek, ponds, and walking trails.
Exceptional signage and parking.

We can help!

Listing Contact

Curt Arthur, SIOR

Learn more

For Sale

$4,700,000

Class A office building in corporate center, available February 2026.

Type:Office

Property size:

20,082 SF

Price / SF:

$234/SF

Added:: Jan 26, 2026
Days on Market:: 135
Last Refresh:: Apr 5 at 8:28 pm

Property Features

General Information

Standard status: Active
Size: 20,082 SF
Property subtype: Office

Building Details

Year Built: 2008

We can help!

Listing Contact

Curt Arthur, SIOR

Listing agent Curt Arthur, SIOR License #201230204

Listing office Capacity Commercial Group

Listing date Jan 26, 2026

Source Corfac

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 Capacity Commercial Group

HighLights

Class A office building built in 2008, a high‑quality asset.
Entire building (minus a small deli) available February 1, 2026.
Located in Creekside Corporate Center, a premier corporate campus.
Excellent location near Interstate 5 and Highway 22 interchange.
Enjoy a campus setting with Mill Creek, ponds, and walking trails.
Exceptional signage and parking.

Overview

Creekside Corporate Center - Building 680, constructed in 2008, is a Class A office building. Except for a small deli operation, the entire building will be available for occupancy on February 1, 2026. An owner occupant can customize the building for their use and be ready to start that work when the current tenant vacates. Creekside Corporate Center consists of five Class A office buildings on a campus site along Mill Creek, featuring three large ponds and walking trails. The property has curb appeal and is maintained to high standards. Creekside Corporate Center is located adjacent to Interstate 5, less than two minutes to the Highway 22 interchange. It is also less than a 5-minute drive to Salem Hospital, the Oregon State Capitol, and downtown Salem. The site is surrounded by other office and medical uses, as well as hospitality, restaurants, and retailers. The property offers exceptional signage and parking.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$433.8k	$21.60
− Vacancy	−$65.1k	−$3.24
EGI	$368.7k	$18.36
− OpEx	−$92.2k	−$4.59
NOI	$276.5k	$13.77

20,082 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.95M

$3.46M – $4.61M (±1% cap)

NOI $276,529 @ 7.0% cap · market cap 5.88%

Second Best

—

no second resolved use

Theoretical Best

Office A

$5.33M

$4.67M – $6.22M (±1% cap)

NOI $373,236 @ 7.0% cap · market cap 7.94%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office buildings

Map

City: Salem
County: Marion
State: Oregon
Longitude: -122.991
Latitude: 44.9392

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What type of property is this?

Office building - Class A office building in corporate center, available February 2026.

Where is this office building located?

The property is located at Salem, OR.

What is the asking price?

The asking price for this property is $4,700,000.

What are key features of this property?

This property features: Class A office building built in 2008, a high‑quality asset.; Entire building (minus a small deli) available February 1, 2026.; Located in Creekside Corporate Center, a premier corporate campus.