Panasonic - 5475 Gaffin Rd SE, Salem, OR 97317

The subject property is located in the heart of the Willamette Valley less than one hour south of metropolitan Portland in Salem, the state capitol. Salem is the second largest MSA in Oregon with a population of just under 500,000. A major new development for the area is the one million sq. ft. Amazon fulfillment center under construction in close proximity to the subject property. This will add 1,000 jobs and expand transit services that will impact the this building. This dynamic 129,850 sq. ft. industrial facility on 10.86 acres was the home to Panasonic America and will be repositioned for manufacturing/warehouse use starting in Q2, 2018. This state of the art facility is less than ten years old and features amenities not found in any other availability in the Mid-Willamette Valley. Approximately 9 acres of vacant land lies adjacent to property and can facilitate an expansion of up to 150,000 sq. ft. This land is available separately for purchase at $4 per square foot.