Class A Manufacturing & Warehouse
Listing was updated at: 04/18/2019
Property Overview
Price/Rent PSF $ 12,900,000.00
Asset Type Industrial
Trade Type Sale & Lease
SQ. FT. Available 129,850
Date Available 04/18/2019
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The subject property is located in the heart of the Willamette Valley less than one hour south of metropolitan Portland in Salem, the state capitol. Salem is the second largest MSA in Oregon with a population of just under 500,000. A major new development for the area is the one million sq. ft. Amazon fulfillment center located in close proximity to the subject property. This will add 1,000 jobs and expand transit services that will impact the this building.

This dynamic 129,850 sq. ft. industrial facility on 10.86 acres was the home to Panasonic America and will be re-positioned for manufacturing/warehouse use starting in Q2, 2018. This state of the art facility is less than ten years old and features amenities not found in any other availability in the Mid-Willamette Valley.

Approximately 9 acres of vacant land lies adjacent to property and can facilitate an expansion of up to 150,000 sq. ft. This land is available separately for purchase starting at $4 per square foot.

This former Panasonic America facility is being repurposed beginning Q2, 2018. The property is being rezoned to IC (Industrial Commercial) which can work for a variety of manufacturing, warehouse and even office use. The building features approximately 22,850 square feet of office and employee amenity areas and 107,000 square feet of manufacturing and warehouse space.

The manufacturing and warehouse space has ceiling clear height ranging from 24 - 35 feet. Additional features include heavy power with a dedicated substation to the north, a 1 megawatt backup generator, two 5-ton overhead cranes, and ESFR sprinklers

The owners will consider demising the building for the right users.