Oregon Office Building Leased Office / Retail Building Plus Adjacent Lot for Commercial Development 541 Willamette Street Corner of Willamette Street and West 6th Avenue
OREGON OFFICE BUILDING 2
Leased Office/Retail Building Plus Adjacent Commercial Lot Oregon Office Building is a landmark location for some of Eugene s prominent business and professional offices. 70 office suites and retail suites on four floors with parking for 61 cars. Oregon Office Building maintains a high tenant occupancy. Located on Willamette Street, Eugene s main North/South street. Great central downtown location, close to restaurants, transportation services, government buildings and entertainment venues. Adjacent commercial lot, zoned C-3, fronts 6th Avenue. PRICE: $ 4,500,000 Office Building Plus Downtown Development Site OFFICE BUILDING... Approx. 22,675 sq. ft. ADJACENT COMMERCIAL LOT... Approx. 16,118 sq. ft. fronting 6th Avenue ZONED... C-3 (Major Comm. Transit Oriented Devel.) ADDRESS: 541 Willamette Street Eugene, Oregon 97401 OREGON OFFICE BUILDING 3
Overview Oregon Office Building 4-story office building 5,668 square feet on each floor Elevator 2 restrooms on each floor On-site parking spaces Adjacent Commercial Lot 16,118 square feet Frontage on 6th Avenue Alley adjacency Zoned C-3 (Major Commercial Transit Oriented Development) Leases Leases are full service. Landlord pays real property taxes, building insurance, utilities and maintenance and repair of the site and building, including janitorial. Tenants are on one-year lease terms. NET OPERATING INCOME: $ 222,537 Office Building Operating Performa INCOME RENT... 290,752 PARKING... 40,062 STORAGE...1,670 NON-REFUNDABLE FEES... 1,800 334,284 OPERATING EXPENSES PROPERTY TAXES.................. 24,500 INSURANCE... 2,260 JANITORIAL... 25,375 UTILITIES/GARBAGE... 28,525 ELEVATOR... 3,387 MANAGEMENT (3.5%)...11,700 GENERAL MAINTENANCE... 16,000 ( 111,747 ) OREGON OFFICE BUILDING 4
Map & Tax Lot Lane County Assessor Information 17-03-31-11-01700 17-03-31-11-01901 17-03-31-11-01900 OREGON OFFICE BUILDING 5
Area & Demographics Traffic Counts WEST 6TH... 30,400 / day WILLAMETTE... 10,000 / day Eugene Eugene is located 110 miles south of Portland, along Interstate 5, at the southern end of the Willamette Valley. Home to the University of Oregon and Lane Community College, the area is also well known for its natural beauty, recreational opportunities and focuses on the arts. Eugene s slogan is A Great City for the Arts and Outdoors, and is known as TrackTown USA. The Nike Corporation had its beginnings in Eugene. In 2021, Eugene will host the World Outdoor Track & Field Championships, bringing the international event to the United States for the first time. The event is expected to bring 32,000 people to the University of Oregon campus. The University of Oregon is comprised of 24,125 students, has over 300 degrees and certificate programs and is one of only two schools in the Pacific Northwest selected for membership in the prestigious Association of American Universities, a consortium of 62 leading public and private research institutions in the United States and Canada. Property Location Oregon Office Building is located at the corner of West 6th Avenue and Willamette Street, in the central core of downtown Eugene, adjacent the Hult Center for the Performing Arts, Hilton Hotel and the U.S. Post Office. The property is located in close proximity to both public and private agencies such as the Lane County Public Services Building and the site of the new City Hall building. The U.S. Federal Courthouse is located within 4 blocks to the east. The Hult Center for the Performing Arts with venues of 2,500 seats and the Shedd Institute for the performing arts are both located close by. West 6th Avenue is a major arterial connecting East Eugene and West Eugene with traffic counts of approximately 30,400 vehicles per day. OREGON OFFICE BUILDING 6
541 Willamette Street Adjacent Commercial Lot OREGON OFFICE BUILDING 7
Willamette Street Lane County Courthouse 7th Avenue 6th Avenue 30,400 / DAY 5th St. Public Market 541 Willamette Street Steelhead Brewery 5th Street Oregon Electric Station Buffalo Exchange AMTRAK Station Oregon Office Building: Surrounding Area OREGON OFFICE BUILDING 8
Oregon Office Building & Adjacent Lot 541 Willamette Street Eugene OR 97401 For more information, contact: Jeff Elder jeff@eebcre.com (541) 345-4860 101 E. Broadway, Suite 101 Eugene, OR 97401 (541) 345-4860 eebcre.com