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Lease Comps Details <br />Lease Comps Report <br />237 State St <br />2 <br />Salem, OR 97301 - Marion County Submarket <br />TENANT <br />Tenant Name:Cascade Bakery <br />LEASERENTS <br />SF Leased:1,900 SFAsking Rent:$15.12/MG <br />Sign Date:May 2019Starting Rent:$15.12/MG <br />Space Use:Office/RetailEffective Rent:$15.12/MG <br />Lease Type:Direct <br />Floor:1st Floor <br />CONCESSIONS AND BUILDOUT <br />Asking Discount:0.00% <br />LEASE TERM <br />Start Date:Jun 2019 <br />PROPERTY EXPENSES <br />Expiration Date:May 2024 <br />Taxes:$1.41/SF (2019) <br />Lease Term:5 Years <br />TIME ON MARKETTIME VACANT <br />Date On Market:Apr 2018Date Vacated:Dec 2018 <br />Date Off Market:May 2019Date Occupied:Jun 2019 <br />Months on Market:14 MonthsMonths Vacant:5 Months <br />MARKET AT LEASE <br />LEASING REP <br />SVN Commercial Advisors LLC <br />Vacancy Rates2019 Q2YOY <br />1665 Liberty St SE, Suite 200 <br />Current Building0.0%0.0% <br />Salem, OR 97302 <br />Submarket 1-3 Star2.7%-0.2% <br />Curt Arthur (503) 588-4146 <br />Market Overall2.6%-0.2% <br />Thomas D. Hendrie (503) 588-7397 <br />Same Store Asking Rent/SF2019 Q2YOY <br />Current Building-- <br />PROPERTY <br />Submarket 1-3 Star$15.472.2% <br />Property Type:RetailRentable Area:2,972 SF <br />Market Overall$15.462.2% <br />Status:-Stories:1 <br />Tenancy:MultiFloor Size:2,972 SF <br />Submarket Leasing Activity2019 Q2YOY <br />Class:CVacancy at Lease:0.0% <br />12 Mo. Leased SF337,66726.8% <br />Construction:MasonryLand Acres:0.10 <br />Months On Market6.0-6.2 <br />12/7/2020 <br />Copyrighted report licensed to MountainSeed Real Estate Services, LLC - <br />388813 <br />Page 2 <br /> <br />