1215 Wilbur St SE - Service FOR SALE


Salem, OR 97302- Southeast Salem
$1,450,000 USD
503-559-9279
1215 Wilbur St SE, Salem, OR for Sale
$1,450,000 USD
Service - FOR SALE
1/11
null | 8% Cap Rate

1215 Wilbur St SE
Salem, OR 97302
Southeast Salem


HIGHLIGHTS

  • $1,000,000+ Tenant Invested Improvements
  • $200,000+ Tenant Invested Improvements being added 2025
  • $116,000 Year 1 NOI
  • Contract Value of $1,339,093
  • Heavy Power
  • Long term tenant with dual guarantors

OVERVIEW

Fully occupied 8,280 SF industrial building in Salem, zoned IC—built out for current tenant with significant improvements. Boasts a 3-phase 277V 600A power upgrade in 2015-2016 and a 3-phase 480V 400A addition, supporting high-demand operations. A 2018 flat roof replacement and plumbing upgrades. Long-term tenant, invested $1 million+ to date with additional $200K in cultivation infrastructure being added. Advanced security and a sophisticated HVAC system optimize this turnkey site and tenants success. Located in a flexible industrial-commercial hub with easy access to the I-5!

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

undefined, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28

LAND SF

12,197

ZONING

IC

APN/PARCEL ID

596806

ASK ABOUT THIS PROPERTY

AJ NashTradition Real Estate PartnersMore Info
503-559-9279

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AJ NashTradition Real Estate PartnersMore Info
503-559-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.