5121 Skyline Village Loop S

Salem, OR

Office for Sale - $7,600,000 - 62,916 Sq. Ft. on 2 acres


Agent Info

Alex Rhoten

Property Info

CIMLS#1142092
Location
  5121 Skyline Village Loop S
  Salem OR 97306
UpdatedApril 11th, 2024
TypeOffice
Price$7,600,000
Building62,916 Sq. Ft.
Land2 acres

Property Description

Coldwell Banker Commercial offers the The First Pacific Corporation Building for sale/lease as excellent owner/user and investment opportunity!

This exceptional four-story Class-A office building, built in 2002, is 62,916 SF with 41,275 of rentable square footage (RSF), plus a 14,218 SF parking garage. The building was built by Dalke Construction with a concrete foundation, masonry siding and steel construction. There are three private terraces, tinted windows, and conference rooms on the 3rd and 4th floors with beautiful natural lighting. Additionally, the building has three elevators, two loading docks with 9ft roll doors, a cafeteria and a fitness center. This property has all the modern features to attract present and future tenants.

The First Pacific Building was recently rezoned to MU-III (Mixed-Use 3) under the Our Salem plan. The building would be best used for Medical or Corporate Office Spaces; however, the new mixed-use zoning provides more retail and potential living opportunities.

Tenant/Buyer to be responsible for verifying occupancy with City of Salem.

LEASE INFO:

The First Pac Building has numerous spaces on the 1st floor for lease, ranging from shell storage space, to fully built-out office suites. The suites range in price from $1.00-$1.90/SF/MO (FS). Each suite has shared access to the Parking Garage, the Fitness Center, The Dock Doors and the Cafeteria/Outdoor Deck. The building is elevator served and ADA accessible.

Suite 101 is a rectangle warm-shell storage space. It is approximately 2,000 SF with concrete floors and a ceiling clear height of 12.2ft.

Suite 102 is a built out rectangle office/storage space. It is approximately 1,176 SF with laminate flooring.

Suite 103 is the former Site Services Now! office space. This space is approximately 2,492 SF and has been redesigned to an open concept. It has laminate flooring, 9ft ceilings, lots of windows for natural lighting and connects to a dock door on the east side.

Suite 105 is the former ACME Cafe turned into office space for Mentor Oregon. This built-out space is approximately 2,625 SF and has seven (7) private offices, 2 larger conference rooms and a kitchenette. There is additional storage space (the former kitchen space of ACME Cafe. This suite has building access via an outside door or an inner building door.


Financials