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198 COMMERCIAL ST SE
SALEM, OR 97301-3489
Asking Price
$8.82M
Asset Type
Executive Office Office
Class
Class B
What's Special
Attractive 8% Cap, 100% Leased, Fully Renovated Trophy Office Building! <p><span style="color: rgba(0, 0, 0, 1)">- 100% Occupied</span></p><p><span style="color: rgba(0, 0, 0, 1)">- Prime Location in the Central Salem Core Business District (CBD)</span></p><p><span style="color: rgba(0, 0, 0, 1)">- $2,000,000+ in renovations to the property; With recent completed tenant renovation requests, it suggests tenants long term commitment to remain in the location/ space</span></p><p><span style="color: rgba(0, 0, 0, 1)">- Parking concerns are mitigated by ample on street p
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NOI
$80,000
Cap Rate
0.91%
DSCR
0.15
Underwater
Cash-on-Cash
-16.77%
Monthly Payment
$43,661.285
Annual Cash Flow
$-443,935.419
