PANASONIC CORPORATE COMPLEX...

PANASONIC CORPORATE COMPLEX AVAILABLE5475 GAFFIN ROAD SE, SALEM OR 97317

1 PANASONIC CORPORATE COMPLEX5475 GAFFIN ROAD SE, SALEM OR 97317

One of the largest and most attractive properties available in Salem, the

129,850 SF Panasonic building on 19.66 acres includes a multi-purpose

industrial/office complex in the heart of Salem’s Renewable Energy and

Technology Center. With its central location along Interstate 5 in Oregon’s

State Capital, the property provides a quality corporate environment in

an aesthetic natural setting adjacent to commercial services, residential

neighborhoods and transportation networks. The property is now available

and ready for corporate utilization, development or investment.

2PANASONIC CORPORATE COMPLEX5475 GAFFIN ROAD SE, SALEM OR 97317


ABOUT THE PROPERTY:Class A Manufacturing/Warehouse Facility

Gross Building Area: 129,850 SF

±13,000 SF of corporate office space

±9,600 SF of cafeteria, break, locker and shower space

Established corporate environment

Excellent visibility and access

Zoned Industrial Business Campus (IBC)

Enterprise Zone Renewable Energy Technology Center

Adjacent to residential, retail and support services

Rapidly growing area with supportive government

Corporate neighbors include Amazon, Home Depot

SALE PRICE: $13,000,000$2/SF LAND, $86.92/SF BUILDING

SITE FEATURES:Total Site Area: 19.66 Acres

Vacant Site Area: ±10 acres

Extensive paved parking and driveway area

Full semi-truck access with concrete aprons in staging areas

Extensive natural-area landscaping

Vacant land provides 150,000 SF expansion capability


SITE PLAN

OFFICE

SURPLUS LAND

WAREHOUSE/PRODUCTION

PRO

PER

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CENTRALMANUFACTURING

MECHANICAL/ SHOP/ SUPPORT


GENERAL BUILDING FEATURESConcrete construction with architectural glass and corporate entry

Flat steel roof structure with insulation

Concrete slab foundation

Heavy power with dedicated substation

Fire sprinklered throughout

High efficiency windows and skylights

Extensive industrial / technology systems

Networked phone and data

Automated door security with auto lock system and computerized card key access

SPACE AREA CLEAR HEIGHT

AC

Central manufacturing area ±27,000 SF 35’+ Yes

Warehouse/Production area ±66,000 SF 24’+ No

Mechanical/Shop/Support area ±14,000 SF 15’+ Partial

Office area ±13,000 SF NA Yes

Employee amenitiy area ±9,600 SF NA Yes


WAREHOUSE/MANUFACTURING FEATURESMiscellaneous design, engineering, and process rooms

4 dock-high and 3 grade level overhead roll-up doors

Steel frame mezzanine at 10’ floor level through most of central manufacturing area

Two 5 ton overhead cranes in central manufacturing area

Electrical: 13.2 kV - 2-1200A feeds; 15KV - 10 sec @ 600

Back Up Generator: 1-Mega Watt; Kohler w/ Mitsubishi Diesel Engine & 2,168 gal tank


OFFICE/EMPLOYEE SUPPORT FEATURESArchitectural-quality corporate office

Employee lounge, café/training area, breakroom, and lockers/showers

Inviting lobby with adjacent conference room

Combination of private and open office space throughout

Extensive aluminum and glass storefront system

Ceilings are combination dropped acoustical tile and painted sheetrock

Floor covering is combination of decorative tile, carpet and linoleum

Interior warehouse and mezzanine offices


ENERGY EFFICIENCY FEATURESLED exterior and interior lighting throughout

Insulation R values above building code

Sky lights for natural lighting and passive solar heating

Variable Refrigerant Flow system for office areas

High efficiency and R value windows

Engineered stormwater Bio swale

Low VOC carpet and paint

Variable Frequency Drive motor on water and chiller plant

High-efficiency motors throughout

Chemical free cooling tower

Heat recovery between manufacturing areas

Water distribution and recycle


REGION AND CITYLocated less than an hour south of metropolitan Portland,

the Mid-Willamette Valley stretches from the Willamette

River to the Cascade Mountains, encompassing more than

2,000 square miles. The region consists of Marion, Polk and

Yamhill counties with Oregon’s state capital city Salem at

its center. Abundant natural resources, the Mid-Willamette

Valley is the greatest producer of agriculture products in

Oregon, also a strong manufacturing and distribution re-

gion with a prime location on Interstate 5 between Califor-

nia and Washington.

Salem is Oregon’s 3rd largest city with its population in excess

of 160,000 and an MSA of OVER 400,000. Salem is located

approximately 45 miles south of the Portland metropolitan

area along Interstate 5. Both the population and economy

have been growing in recent years. The unemployment rate

fell steadily and dramatically between January 2013 at 10.5%

and May 2017 at 3.5%, representing an increase of almost

35,000 employed. The most recent July 2017 unemployment

rate has increased to 4.7%, but represents an increase in the

available workforce not a drop in jobs, as more than 2,300

jobs were actually created during this time period.

A major new development for the area is the Amazon an-

nouncement for a 1 million SF fulfillment center in close

proximity to the Panasonic facility, anticipated to add 1,000

new employees, continuing the positive momentum in the

Salem economy.


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DOWNTOWNSALEM

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BUSINESSQUICKFACTSPrivate Businesses

11,556Private SectorEmployment

127,499Total Population

418,139Median Household Income

$42,033Median Home Price

$228,900 Unemployment Rate

4.7%


SALEM INDUSTRIAL MARKETWhile not a particularly large market, the current Salem regional area industrial

market is very tight. Of 22.25 million SF of existing industrial space only 375,000

SF, or 1.7% is currently vacant. This vacancy rate has fallen dramatically over the

past few years from over 10% in 2014.

One new project is under construction in the market, Mill Creek Corporate Center.

PacTrust is initially building two of a planned six industrial buildings for lease, with

the first phase containing 116,000 SF. This speculative industrial development

from a major institutional developer is new for Salem and another positive sign

for the area.

Exclusive of the new Mill Creek Corporate Center project, there is currently only one

industrial space in the market in excess of 100,000 SF being marketed for lease,

one other in excess of 50,000 SF, and neither competitive with the Panasonic.


Copyrighted report licensed to Newmark Knight Frank - 9251.10/2/2017

Bradford H. Fletcher, SIORExecutive Managing [email protected] Oregon Real Estate Broker

David T. HillSenior Managing [email protected] Oregon Real Estate Broker

Wendy K. [email protected] Oregon Real Estate Broker

For further information, please contact:

PANASONICCORPORATE COMPLEX

PANASONIC CORPORATE COMPLEX...

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