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1160 Liberty SE

Salem, OR 97302
  • $1,890,000
  • STATUS: Active Under Contract
  • ON SITE: 39 days
  • MLS #: 779230
Under Contract
UPDATED: 29 min ago
$1,890,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,934
    SQFT
  • $212
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing information © 2021 Willamette Valley Multiple Listing Service
Listing provided courtesy of Premiere Property Group, Llc

Description

Accepted Offer with Contingencies. Calling all investors! Office/Medical building in excellent location near Bush Park and downtown Salem with abundant on-site parking plus multiple ingress/egress. Fully leased single-tenant medical clinic with longterm NNN lease and 3% annual increases making projected 6.4% CAP for coming year. Current lease runs into 2026 with two 5-year renewal options that Tenant expects to use. Recent $1M remodel including ADA access, HVAC, electrical, plumbing, flooring, bathrooms and upstairs office area.

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© 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Song Real Estate. Data last updated: 2021-07-27T22:08:55.913.
www.songrealestate.com/homes/118396451
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1160 Liberty SE Salem, OR 97302

  • Price: $1,890,000
  • Status: Active Under Contract
  • Updated: 29 min ago
  • MLS #: 779230
0
Beds
0
Baths
0
½ Baths
0.65
Acres
8,934
SQFT
$212
$/SQFT
Neighborhood:
40 SOUTHEAST SALEM
County:
Marion
Area:
40 SOUTHEAST SALEM
Property Description
Accepted Offer with Contingencies. Calling all investors! Office/Medical building in excellent location near Bush Park and downtown Salem with abundant on-site parking plus multiple ingress/egress. Fully leased single-tenant medical clinic with longterm NNN lease and 3% annual increases making projected 6.4% CAP for coming year. Current lease runs into 2026 with two 5-year renewal options that Tenant expects to use. Recent $1M remodel including ADA access, HVAC, electrical, plumbing, flooring, bathrooms and upstairs office area.
Exterior Features

Access Paved Approx Lot Dimensions 200' X 141.5' Frontage Feet 200 Parking Spaces 35 Railroad No Roof Composition Siding Stucco Signage Yes

Interior Features

Basement Finished Fire System Sprinkled Heating Central AcElectricForced AirHeat Pump

Property Features

Assessments Or Liens No Cap Rate 4.6 Commercial Type Office Confidentiality Agreement Required No Cross Street Miller Expenses Actual Or Projected Projected Flood Plain No High Speed Comm Access Present Net Income 120664 New Construction No Owner Occupied No Parking Ratio Per1000 SF 4 Sewer City Source Of Square Feet Owner Suitable For Office Medical OfficeOffice Building Tax Amount 21006 Tax Years 2020 Tenancy Single Terms Seller Will Consider CashConventional Water City Zoning Co

© 2021 Willamette Valley Multiple Listing Service. All rights reserved.


© 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Song Real Estate. Data last updated: 2021-07-27T22:08:55.913.
 
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Song Real Estate
430 W 7th Avenue
Junction City OR, 97448
Listing information © 2021 Willamette Valley Multiple Listing Service
Listing provided courtesy of Premiere Property Group, Llc