Current Use by Public Records
- Byrke Beller / Physician
- Betterton Gillian MD / Physician
- Shannon Dorothy / Physician
- Brian Wakefield / Physician
- Sara Gerhards / Physician
Property Details for 10 Coburg Rd. |
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
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.
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Location Insight
- Map
- Local Demand
- City
- Eugene
- County
- Lane
- State
- Oregon
- Longitude
- -123.083
- Latitude
- 44.0604
