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Downtown Office Building & Parking Lot 190 W 8th Ave
102,000 SF 43% Leased Office Building Eugene, OR 97401 $10,000,000 ($98/SF)
Investment Highlights
- Surface parking lot has potential for future development
- Property is located within the Downtown Eugene Opportunity Zone, qualifying it for tax incentives for investment / development
Executive Summary
OPPORTUNITY ZONE: This property sits in an opportunity zone. The Tax Cuts and Jobs Act created a section of the Tax Code that allows taxpayers to take advantage of a new investment vehicle called Opportunity Funds. This new investment vehicle aims to help direct resources to low-income communities, known as Qualified Opportunity Zones, through a more market-driven approach. Investing in Opportunity Funds can provide tax incentives to investors. We urge you to consult with your tax professional and come to your conclusion.
Property Facts
About 190 W 8th Ave , Eugene, OR 97401
190 West 8th Avenue is a prominent office building located in the heart of Downtown Eugene. The building was originally constructed for the Bon Marche in 1954 and later converted to an office building for Symantec in 1993. Over the years, the building has housed various businesses, including Enterprise Rent-A-Car, Harry and David, and ISTE. It is now occupied by the City of Eugene Public Works. The property offers an excellent opportunity for potential buyers to purchase the building at a price well below the current replacement cost. Alternatively, tenants can lease space at rents that are below the market rate. With virtually no new office construction in Eugene, there are only a few buildings that can offer space over 20,000 square feet. Therefore, this building is an attractive option for businesses looking for a large office space in the area. LOCATION: The property is located less than one mile from the front door of the University of Oregon, on the corner of Broadway and Charnelton in Downtown Eugene. Recent additions to the Downtown sub-market include Lane Community College and an exciting high-tech industry heavily concentrated in Eugene’s Downtown core.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- inseego
- -
- -
- -
- -
- Nulia
- -
- -
- -
- Dec 2023
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| inseego | - | - | - | - | ||
| Nulia | - | - | - | Dec 2023 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Whole floor is available - 25,600 square feet
Whole floor available - 25,600 square feet
- 3rd Fl-Ste C
- 13,784 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| Basement | 25,600 SF | Office | Full Build-Out | Now |
| 1st Floor | 25,600 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste A | 3,452 SF | Office | - | Now |
| 3rd Fl-Ste B | 4,200 SF | Office | - | Now |
| 3rd Fl-Ste C | 13,784 SF | Office | - | Now |
Basement
| Size |
| 25,600 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 25,600 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste A
| Size |
| 3,452 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste B
| Size |
| 4,200 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste C
| Size |
| 13,784 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Basement
| Size | 25,600 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1st Floor
| Size | 25,600 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
3rd Fl-Ste A
| Size | 3,452 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Whole floor is available - 25,600 square feet
3rd Fl-Ste B
| Size | 4,200 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Whole floor available - 25,600 square feet
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $8,255,304 |
PROPERTY TAXES
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Downtown Office Building & Parking Lot | 190 W 8th Ave
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