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1200-1214 Hawthorne Ave NE 7,200 SF 100% Leased Office Building Salem, OR 97301 $844,441 CAD ($117.28 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Established tenants along strong visibility corridor
- 7,200 SF building on 0.55 ac
Executive Summary
Leased 7,200 SF multi-tenant retail strip center situated on 0.55 acres and offered as an investment opportunity. The property provides stable cash flow through multiple established tenants and is available at an 8.5% cap rate. Well-positioned along a commercial corridor with strong visibility, convenient access, and onsite parking.
Contact team@hancockre.com for rent roll.
Contact team@hancockre.com for rent roll.
Property Facts
Sale Type
Investment
Property Type
Building Size
7,200 SF
Building Class
B
Year Built
1989
Price
$844,441 CAD
Price Per SF
$117.28 CAD
Cap Rate
8.50%
NOI
$71,777 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,200 SF
Building FAR
0.30
Lot Size
0.55 AC
Zoning
CR - Commercial Retail
Parking
18 Spaces (2.5 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- American Motorist Assn
- Services
- -
- -
- -
- Ledoux Insurance Agency Inc
- Finance and Insurance
- -
- -
- -
- Nw Cleaning Solutions Llc
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| American Motorist Assn | Services | - | - | - | ||
| Ledoux Insurance Agency Inc | Finance and Insurance | - | - | - | ||
| Nw Cleaning Solutions Llc | Services | - | - | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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1200-1214 Hawthorne Ave NE
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