First Commercial Real Estate

JUST LISTED

PROPERTY OVERVIEW:
The light-industrial buildings at The Shed Business Park are thoughtfully designed to support a wide range of modern industrial, contractor, and flex users, offering efficient layouts, durable construction, and strong visual appeal. Suites feature clear-span interiors with high clear heights, concrete slab floors, and grade-level overhead doors (up to 16’ x 14’ in select buildings), providing excellent functionality for warehousing, fabrication, service, and distribution uses. Each suite includes dedicated pedestrian access, modern aluminum storefront glazing for natural light, and flexible demising that allows tenants to scale. Exterior finishes combine prefinished metal roofing, composite lap siding, and brick veneer wainscot for a clean, contemporary industrial aesthetic, while ample parking, interior private drive aisles, and pedestrian connectivity enhance overall campus usability.

STARTING LEASE RATE: $1/SF/MO, NNN
SPACE AVAILABLE: 1,055-11,340 SF
BUILDING 1 & 2 SIZE: 11,340 SF
BUILDING 3 & 4 SIZE: 9,720 SF
BUILDING 6 SIZE: 16,800 SF
ESTIMATED DELIVERY: Q1 2027
ZONING: IP, INDUSTRIAL PARK

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FEATURED LISTING

OVERVIEW
Lancaster Green is a well-located retail strip center on the northern end of the retail trade area on Lancaster Drive.  Located just one block from Safeway and across the street from Walmart, this center is home to notable tenants Pizza Hut, Jamba
Juice and Wing Stop. There are numerous points of access to the center and
plentiful parking.

SPACE AVAILABLE: 1,500-4,595 SF
LEASE RATE: $24-$26/SF/YR, NNN
BUILDING SIZE: 28,950 SF & 4,025 SF
YEAR BUILT: 1986
ZONING: CR

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FEATURED CLOSING

We are pleased to announce the successful sale of 2680 Portland Rd NE in Salem. Representing the Seller, Jennifer Martin, CCIM, and Conrad Venti facilitated an efficient transaction that perfectly illustrates the power of strategic representation.

From the moment the listing was signed, the team moved with precision, receiving multiple offers, securing a buyer and closing in just 21 days. The final sale price of $750,000, cash, represented a strong result for our client, closing at just 3.2% under the original list price.

This deal was a masterclass in professional collaboration. Success in today’s market requires more than just a listing; it requires a unified effort. By working closely with the Buyer’s representation and maintaining transparent, constant communication with our Seller, Jennifer and Conrad were able to navigate the process seamlessly.

At First Commercial Real Estate, we believe that strong collaboration is the foundation of effective service. When all parties work toward a common goal, we deliver the best possible outcomes for our clients.

Congratulations to our Seller and the new owners of this Portland Road asset!

MARKET UPDATE

This little metal slot = a piece of downtown history.
Old-school night deposit system from the days before online banking.
Want a space with real character?
Contact us to learn more.

📍 195 Commercial St NE, Salem, OR 97301

COMMUNITY SPOTLIGHT

WHAT
A new housing community inspired by Gussie Belle
WHEN
Wednesday, March 11, 2026
1:00 PM
WHERE
739 23rd St NE
Salem, OR 97301