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Property profile & analytics
OFF-MARKET
Office Spaces

74B Centennial Loop Eugene, OR 97401

Built 1997
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, single-story medical office building totaling 26,487 net rentable square feet. Located at 74B Centennial Loop in Eugene, Oregon (zip code 97401), this property boasts a prime location on a high-traffic corridor connecting Eugene and Springfield, with convenient access to Interstate 5 and major medical facilities including PeaceHealth Sacred Heart Medical Center Riverbend and McKenzie-Willamette Hospital. Built in 1997, the building features a C-2 Community Commercial zoning designation and offers ample on-site parking for tenants and visitors (58 spaces, with allocated parking for specific tenants). The property is currently 100% occupied, with an occupancy date of March 1st, 2024, generating a pro-forma NOI of $662,378 and a pro-forma cap rate of 6.97%. The asking price is $9,500,000, representing a 7.00% cap rate. The building comprises multiple suites, with Suite 100 offering 11,592 rentable square feet (10,074 usable), Suites 200 & 300 totaling 12,129 rentable square feet (10,541 usable), and Suite 400 encompassing 2,766 rentable square feet (2,487 usable). Please note that the property is situated in FEMA Flood Hazard Zone AE. The Lane County Assessor's Tax Map & Lot Number is 17-03-29-31-00600. This is a rare opportunity to acquire a high-performing medical office building in a thriving market.

Property profile
Verified
Property type Office Spaces
Year built 1997
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Susan Colasurdo, M.D. Physician
  • Orthopedic Spine Associates Physician
  • Dr. Scott H. Kitchel, MD Physician
  • Catherine Gallo, MD Physician
  • Dr. Morgan Parkerson Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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