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INVESTMENT HIGHLIGHTS
All corporate tenants - Gentle Dental, DaVita, OnPoint Community Credit Union, and Milan Laser Hair Removal.
Located in the affluent, high-growth submarket of West Salem, with average annual incomes exceeding $128,000, nearly 50% higher than the Portland average.
Scheduled rent increases for 75% of tenants provide 16% lift in rental income through the following eight years, and WALT of 6.02.
90% occupied, 16,675 SF building located on a single parcel with a 1,605 SF vacancy, of which Seller will provide a rent credit to buyer at closing.
High quality, well-maintained construction built in 2019 by esteemed developer.
Highly exposed location with visibility from main commuter highway connecting West Salem to downtown.
