On June 11, 2019 the 120,000 square foot Law Enforcement Campus, located at 3525-3565 Trelstad Ave SE in Salem, Oregon, sold to the Bill Naito Company out of Portland for $44,100,00, or, $367.50 per square foot. This sale sets a record for highest price per square foot in the market for what is predominantly a professional office building. The Seller was Burns Bros, Inc. out of Lake Oswego. The transaction was brokered by our friends at NAI Elliott in Portland.
The building is 100% occupied by seven state government agencies and anchored by the Oregon State Police Headquarters. There is 17 years left on the lease term per CoStar.
The building was constructed in 2016 by Dalke Construction.