10 Coburg Rd Eugene, OR 97401
Call to check price and availability
2,012 SF, 6.55% Cap Rate, Net Lease
Property size:
2,012 SFProperty Features for 10 Coburg Rd
General Information
- Property type
- Medical offices
- Square Feet
- 2,012 SF
- Class
- A
Building Details
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Evans, Elder Brown & Seubert Listing Agent: Jeff Elder
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A medical/office condominium, located at 10 Coburg Rd., Suite 200 in Eugene, Oregon (97401), presents a compelling investment opportunity. The 2,012 square foot single-tenant space is currently 100% occupied by Interpath Laboratory, Inc., under a modified gross lease, with the tenant occupying the space since December 31, 2013. The lease expires July 31, 2028, with a five-year renewal option, providing a remaining lease term of approximately 3.7 years. The property boasts five private offices, an exam room, lab, break room, and restroom, making it ideal for a variety of medical or traditional office uses. The building is situated in a high-traffic area with daily traffic counts exceeding 80,000 vehicles, offering excellent visibility and accessibility. The asking price is $799,000, yielding a 6.55% capitalization rate based on a Net Operating Income (NOI) of $52,363 in 2023. The 2023 annual operating expenses totaled $15,489, and property taxes for 2023-2024 were $8,266. The property is zoned C-2 (Community Commercial) and is part of The Ten Coburg, a premier professional office building in Eugene. This is a single-story building with one unit. This investment offers a strong, stable income stream with significant upside potential.
Property Profile
Location Intelligence
Current Use by Public Records
Byrke Beller
Physician
Betterton Gillian MD
Physician
Shannon Dorothy
Physician
Brian Wakefield
Physician
Sara Gerhards
Physician
Location Insight
- Map
- Local Demand
- City
- Eugene
- County
- Lane
- State
- Oregon
- Longitude
- -123.08332296593
- Latitude
- 44.060440203464
Nearby Similar for Sale
FAQs
What type of property is this?
Medical office - 2,012 SF, 6.55% Cap Rate, Net Lease
Where is this medical office located?
The property is located at 10 Coburg Rd Eugene, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Eugene's premier Class A professional office building, ideal for medical and dental practices.; High-traffic location on Coburg Road, adjacent to the Ferry Street Bridge, with over 80,000 vehicles passing daily.; Excellent freeway access, ample parking, and convenient client access.