560 21st St SE

For Lease

560 21st St SE, Salem, OR 97301

560 21st St SE currently offers 1 industrial space(s) for rent. The property type is designated as industrial. Use types among leasing opportunities at this property include industrial. The minimum space size listed is 3,250 square feet. Lease type options include NNN. Expand the individual listing section(s) below or reach out to the property representative(s) for additional information on leasing opportunities at 560 21st St SE.

Space Available For Lease 1

Contacts

broker

Nathan Getty

Macadam Forbes

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 65,597 SF
  • Lot Size 3.1 Acre
  • Additional Rent Contact for pricing
  • Year Built 1955
  • Date Updated Nov 15, 2024
  • HVAC None
The property provides close proximity to I-5, providing easy access for businesses seeking convenient transportation links.This prime commercial real estate asset represents a highly attractive investment opportunity within the cannabis industry. Spanning 65,597 square feet, the property has undergone extensive redevelopment over the past nine years, resulting in a modern and fully upgraded facility. It houses a diverse roster of cannabis industry tenants who are committed long-term, with many having secured renewal options and fully contributed to their tenant improvements (TIs). These tenants operate as true NNN lessees and are sub-metered for electrical use. The property features significant infrastructure enhancements, including paved parking, stormwater improvements, fencing, heavy electrical, lighting, membrane roofing, and access control. All tenants are compliant with state and city regulations, holding the required permits for cannabis production, processing, or distribution. The property owners have also maintained positive relationships with the neighborhood association, city planning and building departments. Situated on 3.1 acres, the facility includes an additional building and a gravel lot. The accessory building is currently leased to a contractor on a month-to-month basis for storage, while a portion of the gravel lot is rented out for fleet parking. This additional space not only generates supplementary income but also offers potential for further development. Located centrally in the Willamette Valley, the property benefits from easy access to I-5, Hwy 22, and Hwy 99 West. The favorable zoning in Salem further enhances its appeal for cannabis-related activities. With an 8% cap rate, this asset presents a compelling investment opportunity, offering substantial growth potential and a promising return on investment for those looking to capitalize on the expanding cannabis market.Warehouse and Fenced Storage Yard Available

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Highlights

  • 3,250 SF warehouse with 1 grade-level loading door
  • Fenced Storage Yard; 4,000 SF to 20,000 SF

Attachments

Getting around

  • 60/100

    Walk Score ®

  • 40/100

    Transit Score ®

  • 79/100

    Bike Score ®

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Location

  • City Salem, OR
  • Neighborhood Southeast Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    0.55 miles

  • Brooks Historical Society Depot

    8.71 miles

  • Hopmere Station

    8.79 miles

  • ChargePoint

    0.29 miles

  • Shell

    0.31 miles

  • Arco

    0.38 miles

  • City of Salem Fuel Island

    0.49 miles

  • Pacific Pride

    0.51 miles

  • Blink

    0.54 miles

  • Tesla Supercharger

    0.80 miles

  • Arco Gas Station

    1.32 miles

  • 76

    1.33 miles

  • Chevron

    1.53 miles

  • Roberson's Car Wash

    1.11 miles

  • Big Red Car Wash

    1.51 miles

  • Enterprise

    1.61 miles

  • Washman

    1.71 miles

  • Car'l B Klean Self Serve

    1.71 miles

  • Blue Elephant

    1.98 miles

  • Power Kia

    2.04 miles

  • John's Car Wash

    2.14 miles

  • Magic Touch

    2.33 miles

  • Habanero's Mexican Food

    0.33 miles

  • Sybil's Omelettes

    0.37 miles

  • Habanero's

    0.40 miles

  • State Street Pub & Grill

    0.40 miles

  • Momiji Sushi

    0.40 miles

  • King Donuts

    0.43 miles

  • Word of Mouth Bistro

    0.43 miles

  • The Chicken Shanty

    0.44 miles

  • Popeyes

    0.45 miles

  • Carl's Jr.

    0.45 miles

560 21st St SE Listing Brief

  • The rental rate for available space at 560 21st St SE is offered upon request. Use the contact form at the top of the listing page to reach out to the property representative and get more information regarding the current listing rate.

    The asking price varies based on the location of the property, with proximity to transportation hubs, access to highways or ports playing a key role in the building's valuation. Other factors that influence cost are the property's age, its quality rating, as well as its onsite facilities and features.

  • Completed in 1955, the property at 560 21st St SE incorporates 65,597 square feet.

    A single-tenant industrial space is typically ideal for businesses or organizations that require exclusive and dedicated use of the entire facility. This type of space suits industries or activities that demand specialized infrastructure, privacy, and control over the entire premises.

  • Reach out to listing brokers or property representatives using the contact form available on this page, to find out more about climate control and other essential systems at this property. Climate control is typically used in industrial buildings where businesses store items that are susceptible to temperature and humidity damage, such as food, pharmaceuticals, paper, textiles, and electronics.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Nathan Getty

Macadam Forbes

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