Log In/Sign Up
Your email has been sent.
Mckenzie Center 2885 Chad Dr 28,955 SF 100% Leased Office Building Eugene, OR 97408 $6,100,000 ($210.67/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased to State of Oregon through 2030
- Prime location near I-5 and Beltline Highway
- Attractive ±6.5% cap rate with stable income growth
- NNN structure with minimal landlord obligations
- Surrounded by retail, parks, and residential density
EXECUTIVE SUMMARY
McKenzie Center presents a rare opportunity to acquire a fully leased, government-backed investment in the heart of Eugene’s thriving business corridor. Anchored by the Oregon Department of Human Services, this 28,964 RSF property offers long-term stability with a lease secured through August 2030. The building’s strategic location on Chad Drive ensures seamless connectivity to I-5 and Beltline Highway, placing tenants within minutes of downtown Eugene, major retail destinations, and vibrant residential communities. The surrounding area is experiencing significant growth, with new multifamily developments and retail expansions reinforcing the property’s long-term value. Investors will appreciate the predictable cash flow, minimal landlord responsibilities under the NNN structure, and the security of a state agency tenant. With an attractive ±6.5% cap rate and no property tax reassessment upon sale, McKenzie Center stands out as a premier institutional-quality asset in Oregon’s dynamic Willamette Valley market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
28,955 SF
Building Class
B
Year Built
1960
Price
$6,100,000
Price Per SF
$210.67
Cap Rate
6.50%
NOI
$396,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
28,955 SF
Building FAR
0.23
Lot Size
2.91 AC
Zoning
C-2
Parking
150 Spaces (8.4 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 1610839 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,168,719 |
PROPERTY TAXES
Parcel Number
1610839
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,168,719
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Company Not Provided
Mckenzie Center | 2885 Chad Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.