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SOLD <br />525 Trade St SE - The Vick Building <br />Salem, OR 97301 <br />Sale on 9/13/2019 for $2,725,000 ($75.20/SF) - Research Complete <br />36,239 SF Class B Office Building Built in 1912 <br />Transaction Details <br />ID: 4885101 <br />Sale Date:09/13/2019 (302 days on market)Sale Type:Owner User <br />Escrow Length:-Bldg Type:Office <br />Sale Price:$2,725,000-ConfirmedYear Built/Age:Built in 1912 Age: 107 <br />Asking Price:$2,950,000RBA:36,239 SF <br />Price/SF:$75.20Land Area:0.56 AC (24,394 SF) <br />Price/AC Land Gross:$4,866,071.43 <br />Percent Leased:100.0% <br />Tenancy:MultiPercent Improved:83.8% <br />-Total Value Assessed:$4,580,030 in 2018 <br />Improved Value Assessed$3,838,310 <br />Land Value Assessed:$741,720 <br />Land Assessed/AC:$1,324,500 <br />Spacer <br />No. of Tenants:1 <br />Tenants at time of sale:State of Oregon, Judicial Department <br />Parcel No:R89049, R89050 <br />Document No:004241000369 <br />Sale History:Sold for $2,725,000 ($75.20/SF) on 9/13/2019 <br />Sold for $4,100,000 ($113.14/SF) on 4/15/2008 <br />Spacer <br />Transaction Notes <br />Per phone and email correspondence with listing and buyer brokers and public record the 36,239 square foot Class B Office Building <br />located at 525 Trade St. SE sold in an owner-user sale for $2,725,000 on 9/13/19. <br />Both brokers stated there were no sale conditions affecting the deal. <br />Copyrighted report licensed to Vorys - 913654. <br /> <br />