First Commercial Real Estate

JUST LISTED

OVERVIEW
This 3.52-acre General Industrial (IG) zoned site is located at the first signalized intersection east of the I-5/Kuebler Boulevard interchange, one of Southeast Salem’s highest-visibility industrial locations. The property includes approximately 16,056 SF of existing warehouse and storage buildings plus a large ≈32,000 SF fenced yard with wide paved access accommodating tractor-trailer traffic. The IG zoning supports a broad range of permitted uses including warehousing, manufacturing, construction contracting, wholesale trade, transportation/logistics, and R&D. Ideal for owner-users, investors, or developers seeking flexible industrial space with significant redevelopment potential.

SALES PRICE: $2,400,000
MONTHLY RENT: $12,500/MO, NNN
TOTAL BUILDING SIZE: 16,056 SF
TOTAL LOT SIZE: 3.52 AC
FENCED YARD: ≈32,000 SF
ZONING: IG

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FEATURED LISTING

OVERVIEW
Mission Oaks is a well-maintained professional office building located at the corner of 12th and Lee, just south of downtown. Built in 2005, the two-story, 23,729 square foot building offers two available suites: a 3,278 RSF first floor space with three executive offices, five private offices and open work area, and an 8,018 RSF Class A second floor suite with perimeter offices, multiple conference rooms and a central production area. Both suites lease at full service gross rates and share a common lobby, on-site parking, and convenient access near Willamette University, Salem Hospital and Bush Park.

LEASE RATE: $2.50-$2.65/SF/MO, FSG
SPACE AVAILABLE: 3,278 - 8,018 SF, FS
TOTAL BUILDING SIZE: 23,729 SF
TOTAL LOT SIZE: 1.2 AC
ZONING: CO

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FEATURED CLOSING

First Commercial Real Estate is excited to announce the successful lease of 555 9th St. NW in Salem — formerly home to Rogue Brewery. Pearl West Restaurant Group, a regional restaurant group, will be bringing an exciting new concept to the space, taking approximately 5,050 SF. Congratulations to Jennifer Martin and Ruth Dana of First Commercial Real Estate on getting this deal across the finish line! We can't wait to see what Pearl West has in store for this landmark Salem location.

COMMUNITY SPOTLIGHT

For over 25 years, Isaac’s Room has walked alongside young people who needed someone to show up for them. Now it’s our turn to show up for them.

We’re raising funds to complete the kitchen and bathroom remodels at Quest 360, a home where divested youth build skills, experience belonging, and practice what it means to live well.

Our GoFundMe goal is $200,000. The community is already stepping up, local contractors, the Salem Home Builders Association, and neighbors who believe in this mission.

Now we’re asking you to join them.

Give directly: gofund.me/fed879219

Every dollar counts. Every share matters. This is grassroots, powered by people like you.