2885 Chad Dr - Office FOR SALE


Eugene, OR 97408- Harlow
$6,100,000 USD
503-221-9900
2885 Chad Dr, Eugene, OR for Sale
$6,100,000 USD
Office - FOR SALE
1/3
null | 6.5% Cap Rate

2885 Chad Dr
Eugene, OR 97408
Harlow


HIGHLIGHTS

  • Fully leased to State of Oregon through 2030
  • NNN structure with minimal landlord obligations
  • Prime location near I-5 and Beltline Highway
  • Surrounded by retail, parks, and residential density
  • Attractive ±6.5% cap rate with stable income growth

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mckenzie Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.91 AC

LAND SF

126,760 SF

ZONING

C-2

APN/PARCEL ID

1610839

ASK ABOUT THIS PROPERTY

Brandon O'LearyKidder MathewsMore Info
503-221-9900

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Brandon O'LearyKidder MathewsMore Info
503-221-9900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.