This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
McGilchrist Roth Building 447 State St
8,050 SF of Office Space Available in Salem, OR 97301
Highlights
- Multiple access points throughout the levels that open up into popular restaurants such as Ritter’s and Archive Coffee & Bar.
- Within walking distance to so many incredible restaurants, shopping, entertainment, Marion County Courthouse, Riverfront Park and so much more!
- This is an excellent location for a large employee based business that is looking for something unique and trendy in Downtown Salem’s CB district!
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,050 SF | Negotiable | $38.77 CAD/SF/YR $3.23 CAD/SF/MO $417.31 CAD/m²/YR $34.78 CAD/m²/MO $26,008 CAD/MO $312,092 CAD/YR | Full Service |
1st Floor
Incredible opportunity to lease an iconic hip and modern tri-level space with old world historic charm in Downtown Salem in the Central Business district! $2.30/SF/Gross Lease with pass through increases on operating expenses. This 8050 SF space features 3 levels of office space with soaring ceiling heights on the main level with an expansive reception and lobby, 4 oversized private offices, a beautiful conference room with a brick accent wall plus an abundance of open work space that can be configured to meet your space needs! There are 5 private glass wall offices on the mezzanine that overlooks the lobby and open space below. Main level and mezzanine share common area restrooms. Heading down to the lower level, this hip and modern space includes 6 private offices, a grand conference room, supersized IT room, large breakroom and a modern and trendy lounge. Lower level also includes 2 private restrooms. Multiple access points throughout the levels that open up into popular restaurants such as Ritter’s and Archive Coffee & Bar. This is an excellent location for a large employee based business that is looking for something unique and trendy in Downtown Salem’s CB district! Within walking distance to so many incredible restaurants, shopping, entertainment, Marion County Courthouse, Riverfront Park and so much more! Space will be available January 2024. Please Do Not Disturb the Tenants.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Fits 21 - 65 People
- 15 Private Offices
- 2 Conference Rooms
- Space is in Excellent Condition
- Modern tri-level space with historic charm
- 15 private offices, abundant open work space
- Large breakroom, modern kitchen & lounge
- 2 conference rooms
- Supersized IT room
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 447 State St , Salem, OR 97301
| Property Type | Retail | Gross Leasable Area | 42,205 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1916 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 42,205 SF |
| Year Built | 1916 |
About the Property
Lease rate - $2.30/SF/Gross Lease with pass through increases on operating expenses Incredible opportunity to lease an iconic hip and modern tri-level space with old world historic charm in Downtown Salem in the Central Business district! This 8050 SF space features 3 levels of office space with soaring ceiling heights on the main level with an expansive reception and lobby, 4 oversized private offices, a beautiful conference room with a brick accent wall plus an abundance of open work space that can be configured to meet your space needs! There are 5 private glass wall offices on the mezzanine that overlooks the lobby and open space below. Main level and mezzanine share common area restrooms. Heading down to the lower level, this hip and modern space includes 6 private offices, a grand conference room, supersized IT room, large breakroom and a modern and trendy lounge. Lower level also includes 2 private restrooms. Multiple access points throughout the levels that open up into popular restaurants such as Ritter’s and Archive Coffee & Bar. This is an excellent location for a large employee based business that is looking for something unique and trendy in Downtown Salem’s CB district! Within walking distance to so many incredible restaurants, shopping, entertainment, Marion County Courthouse, Riverfront Park and so much more! Space will be available December 2024. Please Do Not Disturb the Tenants.
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
-
Elesa Doll -
Kassandra Bruhn -
SMI Real Estate
Presented by
McGilchrist Roth Building | 447 State St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.