408 Lancaster Dr NE
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
408 Lancaster Dr NE
8,120 SF 69% Leased Office Building Salem, OR 97301 £1,439,925 (£177/SF) 7.05% Net Initial Yield
Investment Highlights
- High Traffic Corridor
- Investment/Owner User Opportunity
Executive Summary
Investor/User office complex for sale. Currently buildings are fully leased. Suite 410 and 412 have recently been remodeled and include updated interiors, new roof and HVAC. Call for more information.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,120 SF
Building Class
B
Year Built
1976
Price
£1,439,925
Price Per SF
£177
Net Initial Yield
7.05%
NOI
£101,489
Percent Leased
69%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
8,120 SF
Building FAR
0.23
Land Acres
0.81 AC
Zoning
CO
Parking
45 Spaces (5.54 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Signage
1 of 1
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 542822 | Total Assessment | £502,802 (2023) |
| Land Assessment | £0 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
542822
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£502,802 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
408 Lancaster Dr NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.