Friday, September 9, 2022

A Pair of Commercial Acquisitions in Salem, Oregon

 


Paul Kerley is a Salem, Oregon, entrepreneur who oversees Commercial Property Resources, Inc., and maintains a real estate portfolio of more than 1,500 units across the state. One the properties in Salem, Oregon, that Paul Kerley engineered the acquisition of was 2965 - 2995 Ryan Drive Southeast.

Situated centrally in Salem, Oregon, the property includes a pair of class A office buildings totaling 35,806 square feet, 21,176 of which are leased to Mid Valley IPA. The remaining 14,630 square feet are leased by Atrio Health Plans. Financing for this transaction was arranged by SecurityPlus Federal Credit Union (care of Extensia Financial, LLC).

Another commercial acquisition in the city’s central business district involved the Starkey - McCully Building, which has 14,850 square feet of total space on 0.17 acres. Having been completely remodeled and made American Disabilities Act-accessible, the two-story property has become a popular location within a busy commercial corridor. Arranging its sale on behalf of the owner was SMI Commercial Real Estate, LLC.