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Re_Building by NWRA 1025 2nd St NW

10,800 SF 100% Leased Office Building Salem, OR 97304 £4,308,150 (£399/SF) 6.20% Net Initial Yield

Investment Highlights

  • 2019 Construction
  • Top of the Line Medical Office Facility serving the Greater Salem Market
  • Build to Suit Construction for NWRA Tenancy

Executive Summary

THE GARSKE GROUP OF MARCUS & MILLICHAP HAS BEEN
EXCLUSIVELY CHOSEN TO MARKET THE RE_BUILDING
BY NWRA, situated in West Salem, Oregon, is a state-of-the-art
facility dedicated to sports rehabilitation and performance training.
Covering 10,800 square feet on a 0.65-acre lot, the center is
designed specifically for athletes and features advanced technology
to aid in recovery and performance enhancement. Among its notable
amenities are two professional-grade underwater treadmills, which
are utilized by major sports teams and Division 1 collegiate programs
for rehabilitation and training purposes. The facility also includes
a vacant space intended for a high-end sports nutrition business,
enhancing its focus on comprehensive athlete care.
The RE_Building benefits from its prime location, which ensures
strong foot traffic and easy access to surrounding retail, medical, and
industrial businesses. With established tenants occupying three of
its four suites, the property presents a low-maintenance investment
opportunity as tenants manage all utilities. The incorporation of
solar power through photovoltaic panels further emphasizes the
center’s commitment to sustainability while providing a conducive
environment for athletes of all ages to recover from injuries and
improve their performance through tailored treatment plans and
cutting-edge training methodologies.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,800 SF
Building Class
B
Year Built
2019
Price
£4,308,150
Price Per SF
£399
Net Initial Yield
6.20%
NOI
£267,105
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
10,800 SF
Building FAR
0.38
Lot Size
0.65 AC
Opportunity Zone
Yes
Zoning
ESMU

Amenities

  • Signage
  • Wheelchair Accessible
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
258911
Land Assessment
£46,990
Improvements Assessment
£1,237,120
Total Assessment
£1,284,111
  • Listing ID: 33780722

  • Date on Market: 06/11/2024

  • Last Updated:

  • Address: 1025 2nd St NW, Salem, OR 97304

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