1835 22Nd St Salem, OR 97302
This exceptional 84,000 square foot industrial park, located in Salem, Oregon, offers six modern pre-engineered metal buildings, each spanning 14,000 square feet. The property boasts a flexible layout with units ranging from 1,750 to 14,000 contiguous square feet, catering to diverse business needs. Built in 2023, the Class B property sits on 11 acres and features a total of 48 drive-in doors and 6 loading docks, ensuring efficient operations. High ceilings (17.5 feet) provide ample vertical space. The park benefits from a prime location with excellent access to I-5, facilitating seamless transportation. The property is zoned IG and has a Marion County APN of 527998. Utilities include 208 3-phase power. The address is conveniently located at the intersection of McGilchrist and Mission Streets. This well-maintained complex offers ample parking and is ideal for manufacturing, distribution, warehousing, R&D, and flex space users. Currently, the entire 84,000 square feet is available for lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.