Creekside Corporate Center - Building 680

Investment Overview

Tradition Real Estate Partners is pleased to offer Creekside Corporate Center - Building 680, a premier Class A office building in the heart of Salem's thriving business district. Constructed in 2008, this 20,082 SF property represents a rare opportunity for investors or owner-occupants seeking high-quality space in one of the Willamette Valley's finest corporate campuses, allowing for immediate customization or repositioning. Nestled along Mill Creek with scenic ponds, walking trails, and abundant parking, Building 680 offers exceptional curb appeal and a serene work environment. Its strategic location adjacent to Interstate 5 provides seamless access to major employers, healthcare facilities, and downtown Salem, making it ideal for professional services, medical, or corporate headquarters. Priced at $4,700,000 (~$234/RSF), this asset is positioned for strong returns in a market with limited Class A inventory and growing demand.

Investment Highlights

• Building Size: 20,082 SF (1st: ~7,945 RSF demisable; 2nd: ~8,314 RSF full-floor; 3rd: ~3,823 RSF with roof terrace).
• Flexible floor plates allow for full-building owner-occupancy, partial leasing for immediate cash flow, or demising the 1st floor into smaller suites to attract multiple tenants and diversify income streams.
• Lot Size: 1.22 acres with abundant on-site parking.
• Generous parking and land area reduce tenant complaints, support high employee satisfaction, and provide future expansion potential in a supply-constrained market.
• Year Built: 2008; Class A construction with modern finishes, elevator, and energy-efficient design.
• Post-2008 build quality minimizes near-term capex needs, appeals to credit tenants, and positions the asset for premium rents or resale in the Willamette Valley's limited Class A inventory.
• Key Features: Existing commercial kitchen infrastructure (from Suite 110 deli space); demisable 1st floor for flexible/smaller suites; upper floors prioritized for full-floor/HQ use.
• Reposition the kitchen area for onsite café/food service amenity or hybrid office-retail tenant to boost building appeal, tenant retention, and ancillary revenue while enabling partial leasing income.
• Campus Amenities: Part of a 5-building campus featuring Mill Creek views, three large ponds, paved walking trails, exceptional signage, and superior maintenance standards.
• Premium campus environment (often called a "second home" for employees) drives tenant attraction/retention, justifies above-market rents, and enhances overall property value through lifestyle appeal in a competitive office market.