First on Broadway 45 W Broadway 18,532 SF 89% Leased 4-Star Retail Building Eugene, OR 97401 $5,905,769 ($318.68/SF)

Embark on an outstanding Downtown Eugene investment, 45 West Broadway, at a highly visible corner in the heart of Eugene’s urban core. The building offers a rare opportunity to acquire a nearly fully leased property with long-term and national tenants, stabilized cash flow, and value-add upside through future lease-up and rent growth.

The portfolio is 95% occupied, with the one retail vacancy at 45 West Broadway secured by a six-month rent guarantee. Tenants include Wells Fargo, which has a lease through 2030, and Broadway Metro Theater, which is leased through 2029, providing dependable income from strong credit-worthy anchors.

This property has undergone extensive exterior improvements, enhancing curb appeal and minimizing near-term capital needs. 45 West Broadway received a full façade remodel in 2012 and a fresh repaint in 2024. The building encompasses a mix of office, retail, and multifamily uses, offering diversified income streams and reduced vacancy risk for investors.

The property sits at a prominent downtown intersection with high foot traffic, excellent visibility, and adjacency to Eugene’s best retail, dining, and public transit options. The area is experiencing significant public and private investment, driven by population growth, the University of Oregon’s economic influence, and ongoing revitalization efforts in the downtown core. 45 West Broadway combines stable cash flow with potential for long-term appreciation in one of Oregon’s most dynamic urban markets.
• Note that the adjacent building (856 Willamette) can be purchased together with 45 West Broadway.
• The combined price for both assets is $9,240,000, representing a 7.69% combined CAP rate.