Class A Spaces for Lease

5121 Skyline Village Loop S Salem, OR 97306

Property Type:
Multi Tenant Office
Last Verified:
Jan 06, 2021


  • Substantial TI Allowance for Credit Tenants
  • 3.5/1000 Parking Ratio
  • Office/Cubicle Furniture Included
  • 3 Elevators
  • Shared Kitchen/Break Room/Exterior Patio/Deck
  • Shared Gym w/Shower Facilities
  • Shared Conference Room Options
  • Below Grade Parking Available
  • Potential Signage Opportunity


Legacy Commercial Real Estate is offering lease opportunities in the uniquely attractive First Pacific Corporation Building, a Class A office building located in Salem, Oregon with easy access to I-5. Built in 2003, this four-story building is 62,916 square feet on 2.23 acres. The property is located in the South Salem Medical Campus adjacent to Kaiser Permanente, The Doctor's Clinic, Pain Management NW, and in the heart of the highest median income in the Salem Valley. Highest and best use is Medical Office or Professional Corporate office space.

Near the corner of Kuebler and Skyline Rd S the First Pacific Corp. Building is located just 2.2 miles from I-5, the First Pacific Corp. Building is well-positioned amongst complimentary surrounding properties such as the Kaiser Permanente Skyline Medical Office and The Doctors’ Clinic, schools and significant high- quality residential development.

Year Built: 2003
Building Size: 62916sq ft
Building Class: A
Lot Size: 2.23 acres

Units for Lease

1st Floor
Space Available: 6583 SF
Lease Type: Gross

Price Per Sqft/Year: $23.4
4th Floor
Space Available: 11250 SF
Lease Type: Gross

Price Per Sqft/Year: $25.8

Map of 5121 Skyline Village Loop S, Salem, OR, 97306

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.