2870 25th Street Southeast

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2870 25th Street Southeast

Salem, OR 97302
Asking Price
$5.90M
Asset Type
Airport Special-purpose
Class
Class B

What's Special

± 9,920 & ±12,157 SF Aircraft Hangars ± 1.1 acre pad ready site <ul><li>​± 9,920 SF aircraft hangar including 488 SF of office space</li><li>​ 78' wide by 28' high hangar door</li><li>​ Office space includes restroom, showers, break-room, and wet fire suppression system</li><li>​ ± 12,157 SF aircraft hangar including 1,200 SF of office space</li><li>​ 65' wide by 20' high hangar door</li><li>​ Office space includes restrooms</li><li>​± 1.1 acre of additional land</li><li>​ Private ramp access and parking spaces</li><li>​ Recently renovated</li><li>​Fuel farm

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NOI
$80,000
Cap Rate
1.36%
DSCR
0.23
Underwater
Cash-on-Cash
-15.27%
Monthly Payment
$29,189.981
Annual Cash Flow
$-270,279.77

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