5475 Gaffin Road SE
Salem, OR
This project consists of a single tenant flex warehouse totaling ±129,850 square feet on a ±19.66-acre lot with 24’ to 38’ ceiling heights. The current tenant is Amazon Services, Inc., which has leased the building for 10 years (through October 2029) at $1,434,220.72 annual NOI with 2.75% annual increases. Due to its location on a 48-acre development in Oregon’s capital city (one hour south of metropolitan Portland in Salem, Oregon), which is working to attract industry to the area, there are substantial development and tax incentives available.