1215 Wilbur St SE 8,280 SF Industrial Building Salem, OR 97302 $1,450,000 ($175.12/SF) 8% Cap Rate

Commercial Buildings Oregon Salem 1215 Wilbur St SE, Salem, OR 97302

INVESTMENT HIGHLIGHTS

  • $1,000,000+ Tenant Invested Improvements
  • $116,000 Year 1 NOI
  • Heavy Power
  • $200,000+ Tenant Invested Improvements being added 2025
  • Contract Value of $1,339,093
  • Long term tenant with dual guarantors

EXECUTIVE SUMMARY

Fully occupied 8,280 SF industrial building in Salem, zoned IC—built out for current tenant with significant improvements. Boasts a 3-phase 277V 600A power upgrade in 2015-2016 and a 3-phase 480V 400A addition, supporting high-demand operations. A 2018 flat roof replacement and plumbing upgrades. Long-term tenant, invested $1 million+ to date with additional $200K in cultivation infrastructure being added. Advanced security and a sophisticated HVAC system optimize this turnkey site and tenants success. Located in a flexible industrial-commercial hub with easy access to the I-5!

ATTACHMENTS

WilburMarketingFlyer

PROPERTY FACTS

Price $1,450,000
Price Per SF $175.12
Sale Type Investment NNN
Cap Rate 8%
Property Type Industrial
Property Subtype
Service
  • Flex Light Manufacturing
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class C
Lot Size 0.28 AC
Rentable Building Area 8,280 SF
No. Stories 1
Year Built 1959
Tenancy Single
Parking Ratio 1.31/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning IC - The IC zone generally allows a wide variety of retail, office, heavy commercial, light manufacturing, and warehousing activities.

AMENITIES

  • Floor Drains
  • Security System

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
1 of 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (88)

PROPERTY TAXES

Parcel Number 596806 Improvements Assessment $0
Land Assessment $0 Total Assessment $347,280

CONTACT

  • Listing ID: 35280462

  • Date on Market: 3/27/2025

  • Last Updated:

  • Address: 1215 Wilbur St SE, Salem, OR 97302

More public record information on 1215 Wilbur St SE, Salem, OR 97302

The Southeast Salem Industrial Property at 1215 Wilbur St SE, Salem, OR 97302 is currently available. Contact Tradition Real Estate Partners for more information.

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