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1025 2nd St NW
Salem, OR 97304 West Salem

$4,410,000 USD

Medical For Sale  •  10,800 SF

Property Details

  • Property Type Medical
  • Total Building Size 9,822 SF
  • Lot Size 0.65 AC
  • Building Class B
  • Year Built 2019
  • Tenancy Multiple
  • Zoning CO-(Commercial Office)
30 Transit Score
60 Walk Score

Highlights

Anchored by Therapy Partners Group, with a lease through September 2032.
Stabilized medical office investment located in a tight submarket with a 3.4% vacancy rate for medical office buildings.
High-quality and well-maintained building constructed in 2019 by CBTWO Architects.
All leases feature 3% annual rent increases, with Therapy Partners Group (87% of GLA) on a NNN lease, providing inflation protection.
Located in the affluent, high-growth submarket of West Salem, with average household incomes exceeding $131,000.
Photovoltaic (PV) panels enhance operating efficiency, lower energy costs, and support sustainability efforts.

Property Flyers

Amenities

  • Fitness Center
  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Anthony Albrecht 503-210-4062 Northmarq
Anthony Albrecht 503-210-4062 Northmarq