Vista Industrial Park

PROPERTY OVERVIEW
1935 Vista Avenue Southeast delivers a purposeful multi-tenant industrial property designed with intention. The property combines well-planned dock/grade access points, brand visibility, adequate parking for flex uses, showroom and office infrastructure, and paved secure yard area. Dual loading access, 22′ clear height, and durable finishes allow occupants to tailor workflows without major renovation needs which is why this property has maintained solid occupancy levels over time, and under-market absorption timelines when vacancies arise. Quality construction affords reliable infrastructure while the configuration promotes seamless circulation for personnel and vehicles. This asset is positioned to serve an industrial tenant looking for scaled growth over time or investors seeking a lower risk high quality asset. Strategically located in Salem’s primary industrial corridor along Vista Avenue SE, this property offers convenient access to two I-5 on ramps points, Hwy 22 servicing Central Oregon and the coast, and proximity to Salem Airport.

OFFERING SUMMARY

• Sale Price: $7,950,000
• Building Size: 47,995 SF
• Lot Size: 3.61 Acres
• Number of Units: 8
• Price / SF: $165.64
• Cap Rate: 6.24%
• NOI: $496,134
• Year Built: 2006

PROPERTY HIGHLIGHTS

• Purpose-built industrial shell with adaptable interior layouts
• Convenient truck court and multiple loading positions
• 8 dock access points | 9 grade level bay door access points
• High-capacity utilities supporting heavy operational demands (480 3-phase)
• Durable flooring suitable for manufacturing equipment
• Flexible ceiling heights accommodate varied industrial uses
• Efficient flow between production and storage areas
• Secure perimeter and controlled access for tenants
• Ample parking for employees and visitors
• Well-maintained systems reducing near-term capital needs
• Attractive to investors seeking stable industrial income
• Professional curb appeal reflecting solid ownership