1025 2nd NW St Salem, OR 97304-4001

This exceptional Class A medical office building, constructed in 2019, offers a compelling investment opportunity. Located in Salem, Oregon, at 1025 2nd St NW, this 10,800 square foot, two-story building sits on a 0.65-acre lot. Currently 100% occupied by three tenants under a NNN lease structure, the property boasts a strong net operating income (NOI) of $340,943 and a 6.20% cap rate. The building features a mix of medical office and storefront space, making it ideal for a variety of uses. Built as a build-to-suit facility, it includes modern amenities and is equipped with solar panels, promoting sustainability. The property's prime location in West Salem ensures high visibility and accessibility. The asking price is $5,500,000, representing a stabilized investment with a fee simple ownership. This is a rare opportunity to acquire a high-quality, well-maintained property with a strong tenant base in a desirable location. The building's design caters to the needs of its current tenants, specializing in sports rehabilitation and performance training, including unique features such as professional-grade underwater treadmills. One suite remains vacant, presenting potential for additional income generation.