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West Salem Professional Office / Retail 550 Patterson St NW
1,193 SF of Office/Retail Space Available in Salem, OR 97304
Highlights
- First Floor 671 SF, Second Floor 383 SF, common area shared restroom. Total SF 1193
- Onsite Private Parking
- IG Zoned Property
- Endcap Suite
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 120 | 1,193 SF | 2 Years | $22.20 /SF/YR $1.85 /SF/MO $238.96 /m²/YR $19.91 /m²/MO $2,207 /MO $26,485 /YR | Triple Net (NNN) |
1st Floor, Ste 120
Professional endcap suite comes complete with 1,193 SF of space including common area. A two level suite, with two private offices on each level, sink in one of the first floor offices, and an abundance of windows. Common area restrooms.
- Lease rate does not include utilities, property expenses or building services
- Fits 3 - 10 People
- High Ceilings
- Natural Light
- Highly Desirable End Cap Space
- 1,193 SF Endcap Suite Available
- $1.85/SF/Mo/NNN
- High End New Construction
- Office or Professional Services
- Common Area Restrooms
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 550 Patterson St NW , Salem, OR 97304
| Property Type | Retail | Year Built | 2021 |
| Gross Leasable Area | 3,542 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,542 SF |
| Year Built | 2021 |
About the Property
New Professional Endcap Office, Available in the beautiful Edward Jones building. 550 Patterson Street NW in Salem, OR presents an exceptional leasing opportunity for businesses seeking high-end new construction office or professional services space. This IG Zoned property boasts a sophisticated commercial environment. Tenants can expect a premium leasing experience that aligns with their professional image and operational needs. This property sets the stage for success, providing a modern and adaptable space for businesses to thrive. Located in West Salem next to Xicha Brewery, West Box CrossFit, and Little Lois Cafe. Contact listing broker for showing instructions.
Nearby Major Retailers
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AJ Nash -
Paula Moseley -
Rich Karlson -
Tradition Real Estate Partners
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West Salem Professional Office / Retail | 550 Patterson St NW
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