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2995 Ryan Dr SE 22,751 SF 100% Leased Office Building Salem, OR 97301 $9,961,128 CAD ($437.83 CAD/SF) 7% Cap Rate
Investment Highlights
- 7% capitalization rate on current income
- Adjacent 2965 Ryan Drive (14,000+ SF/vacant) is also for sale
- Price well below replacement cost
Executive Summary
This beautiful two-story Class A office building was built in 2010, and the current tenant has been in place ever since. Current net lease goes through January 2028 with options to renew. The building is very visible to Highway 22, has great curb appeal, and very good parking.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
22,751 SF
Building Class
B
Year Built
2010
Price
$9,961,128 CAD
Price Per SF
$437.83 CAD
Cap Rate
7%
NOI
$696,921 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,376 SF
Slab To Slab
10’
Building FAR
0.43
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
CR
Parking
79 Spaces (3.47 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 528009 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,652,827 CAD |
Property Taxes
Parcel Number
528009
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,652,827 CAD
Contacts
-
Curt Arthur, SIOR -
Nick Williams, CCIM -
Toran Schmidgall -
Eric Anderson -
Tamara Fuller -
Capacity Commercial Group LLC
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2995 Ryan Dr SE
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