First Commercial Real Estate

Author

First Commercial
October 30, 2024

JUST LISTED

Plaza Del Sol is located on Portland Rd NE in the City of Salem’s North Gateway Urban Renewal Area. This two-building property sits on approximately 3.25 acres on two tax parcels and totals approximately 39,935 SF, which is comprised of ≈20,445 SF of retail/office space in the main building, ≈10,100 SF of warehouse space in a separate warehouse building, and approximately 9,390 of covered lean-to storage area adjacent to the main building. The upper level of the main building (served by an elevator) has approximately 4,080 SF of office space. The main building is home to an array of local businesses with diverse uses and the warehouse building is comprised of two suites leased to an indoor soccer facility and a pallet fabricator. The property contains surplus land which is poised for additional improvements or outdoor storage as well as a potential tenant-occupied building pad.

FEATURED LISTING

A great opportunity to lease in the growing city of Stayton! Centrally located between Portland & Eugene and conveniently two miles away from Hwy 22 and 13 miles from I-5. Enjoy great site amenities such as heavy power, rail service, excess yard space, food production improvements, and much more!

Property Details:

  • 528,306 Total square feet of Warehouse and Office on 37 Acre lot

  • Dock Doors, Grade Doors, Rail Served and Trailer Parking

  • 16' - 22' Clear Height

  • 6MW Heavy Power

  • Light Industrial (IL) Zoning


    Have questions? Click here to learn more.

RECENT CLOSINGS
Just Sold & Just Leased

1701 LIBERTY ST SE, SALEM

We are pleased to announce the successful sale of 1701 Liberty St SE. In collaboration with a local investor, we worked closely with the Willamette Health Council to help secure their new home. This professional office space will undergo a complete modernization, creating a vibrant and functional environment. Special attention will be given to the conference room, transforming it into a versatile gathering space for local organizations and community groups. This project highlights our ongoing commitment to supporting both our clients and the community through thoughtful, strategic real estate partnerships. Special shoutout to AmeriTitle and Bank of the Pacific that was able to go from an accepted offer to close in 33 days.

Conrad Venti
Represented the Buyer
&
Josh Kay & Ruth Dana
Represented the Tenant

Oregon's state business taxes have increased by 77% between 2019 and 2023, with local taxes in Portland surging by 82%, resulting in the state's effective business tax burden now exceeding the national average by 12%. This steep increase in taxes is discouraging business investment and eroding Oregon's appeal for workers, contributing to stagnating population growth and chronic workforce shortages. As a consequence, Oregon now ranks 48th in terms of business friendliness, prompting the Oregon Business & Industry to plan the release of recommended policy changes to improve the state's competitiveness and address its tax and regulatory climate.

COMMUNITY SPOTLIGHT
Boys & Girls Club Rivalry Auction

FCRE is a proud paddle sponsor for this event benefitting the Boys & Girls Club of Salem, Marion and Polk Counties

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