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222 High St SE <br />The Kenneth A. Holmes Building <br />Salem, OR 97301 <br />Class B Office Building of 21,600 SF Sold on 10/23/2019 for <br />$3,000,000 - Research Complete <br /> buyer <br />Kerley Properties <br />131 NE Pine St <br />Salem, OR 97301 <br />(503) 585-1800 <br /> seller <br />Valley Office Buildings LLC <br />4437 Andrea Dr NW <br />Salem, OR 97304 <br />(503) 587-8982 <br /> vital data <br />Escrow/Contract:-Sale Price:$3,000,000 <br />Sale Date:10/23/2019Status:Confirmed <br />Days on Market:194 daysBuilding SF:21,600 SF <br />Exchange:YesPrice/SF:$138.89 <br />Conditions:1031 ExchangePro Forma Cap Rate:- <br />Land Area SF:24,829Actual Cap Rate:- <br />Acres:0.57Down Pmnt:$600,000 <br />$/SF Land Gross:$120.83Pct Down:20.0% <br />Year Built, Age:1964 Age: 55Doc No:004258000417 <br />Parking Spaces:65Trans Tax:- <br />Parking Ratio:3.01/1000 SFCorner:No <br />FAR0.87Zoning:CBD <br />Lot Dimensions:-No Tenants:5 <br />Frontage:-Percent Improved:79.9% <br />Tenancy:MultiSubmarket:Marion County <br />Comp ID:4925847Map Page:- <br />Parcel No:R89051 <br />Property Type:Office <br /> income expense dataListing Broker <br />First Commercial Real Estate Services <br />Expenses- Taxes$29,970 <br />365 State St <br />- Operating Expenses <br />Salem, OR 97301 <br />Total Expenses$29,970 <br />(503) 364-7400 <br />Terri Frohnmayer <br />Buyer Broker <br />SMI Commercial Real Estate, LLC <br />3625-3667 River Rd N <br />Keizer, OR 97303 <br />(503) 390-6060 <br />Gabe Johansen <br /> financing <br />12/7/2020 <br />Copyrighted report licensed to MountainSeed Real Estate Services, LLC - 533868. <br />Page 3 <br /> <br />