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Corporate Headquarters 400 International Way

80,000 SF 87% Leased Office Building Springfield, OR 97477 $19,700,000 ($246/SF) 4.81% Cap Rate

Investment Highlights

  • Award Winning Corporate Headquarter Facility - 2009 Best Design Build of Oregon
  • Abundant parking on site. Safe environment. Close to McKenzie River trail system.
  • Mormon Temple under development next door (Willamette Valley Oregon Temple - Church of Jesus Christ of Latter-day Saints)
  • Priced significantly below Reproduction Cost for the quality of construction
  • University of Oregon (flagship research university) and Lane Community College.
  • Convenient access onto Interstate 5 Freeway

Executive Summary

Owner Investment Opportunity. High quality corporate headquarters facility located in "River Bend", the largest master planned business park in Lane County. River Bend is also home to other corporate users including Peace Health Medical Campus, Wayfair, SELCO Community Credit Union Corporate Offices, PacificSource Health Plans. First floor space available for immediate occupancy.

Data Room Click Here to Access

Financial Summary (Pro forma - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Office
Property Subtype
Telecom Hotel/Data Hosting
Building Size
80,000 SF
Building Class
A
Year Built
2009
Price
$19,700,000
Price Per SF
$246
Cap Rate
4.81%
NOI
$947,231
Percent Leased
87%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
26,666 SF
Slab To Slab
10’
Building FAR
0.26
Lot Size
7.05 AC
Zoning
CI - Campus Industrial - Springfield OR Jurisdiction
Parking
359 Spaces (4.49 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Bus Line
  • Fitness Center
  • Security System
  • Signage
  • Bicycle Storage
  • Central Heating
  • Recessed Lighting
  • Secure Storage
  • Wi-Fi
  • Monument Signage
  • Outdoor Seating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 110
  • 6,398 SF
  • Office
  • Full Build-Out
  • 30 Days

Curbside parking immediately in front of space. Open landscape for maximum workstations. 2 Private Restrooms. Kitchen Break Area. Furnishings included: Work Stations: 51 cubicles, 51 file cabinets, 51 chairs, 41 monitor stands. Conference Room: 14'x4' table, 10 chairs. Kitchen-Break room: 4 tables (3'x3'), 16 chairs, 3 bar stools, refrigerator, ice machine

  • 1st Fl - 150
  • 7,255 SF
  • Industrial
  • -
  • Now

Open Area with Heating and Air Conditioning. The lease rate is negotiable.

  • 1st Fl-Ste 190
  • 2,139-4,317 SF
  • Office
  • Full Build-Out
  • 30 Days
  • 3rd Fl-Ste 320
  • 6,089 SF
  • Office
  • Full Build-Out
  • 30 Days

Fully Open Landscape for maximum workstation operatives. Large Break-room.

  • 3rd Fl-Ste 350
  • 3,847 SF
  • Office
  • Full Build-Out
  • 30 Days

Penthouse Office: Reception Area. Conference Room. 5 Private Offices. Copy Room. Overnight Suite / Private Restroom.

  • 3rd Fl-Ste 380
  • 2,812 SF
  • Office
  • Full Build-Out
  • Now

Reception counter. Waiting room. Interview Room. 3 Private offices. Copy/Storage Room.with Casework. Open workspace area.

Space Size Space Use Condition Available
1st Fl-Ste 110 6,398 SF Office Full Build-Out 30 Days
1st Fl - 150 7,255 SF Industrial - Now
1st Fl-Ste 190 2,139-4,317 SF Office Full Build-Out 30 Days
3rd Fl-Ste 320 6,089 SF Office Full Build-Out 30 Days
3rd Fl-Ste 350 3,847 SF Office Full Build-Out 30 Days
3rd Fl-Ste 380 2,812 SF Office Full Build-Out Now

1st Fl-Ste 110

Size
6,398 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Fl - 150

Size
7,255 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl-Ste 190

Size
2,139-4,317 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

3rd Fl-Ste 320

Size
6,089 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

3rd Fl-Ste 350

Size
3,847 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

3rd Fl-Ste 380

Size
2,812 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 110

Size 6,398 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Curbside parking immediately in front of space. Open landscape for maximum workstations. 2 Private Restrooms. Kitchen Break Area. Furnishings included: Work Stations: 51 cubicles, 51 file cabinets, 51 chairs, 41 monitor stands. Conference Room: 14'x4' table, 10 chairs. Kitchen-Break room: 4 tables (3'x3'), 16 chairs, 3 bar stools, refrigerator, ice machine

1st Fl - 150

Size 7,255 SF
Space Use Industrial
Condition -
Available Now

Open Area with Heating and Air Conditioning. The lease rate is negotiable.

3rd Fl-Ste 320

Size 6,089 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Fully Open Landscape for maximum workstation operatives. Large Break-room.

3rd Fl-Ste 350

Size 3,847 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Penthouse Office: Reception Area. Conference Room. 5 Private Offices. Copy Room. Overnight Suite / Private Restroom.

3rd Fl-Ste 380

Size 2,812 SF
Space Use Office
Condition Full Build-Out
Available Now

Reception counter. Waiting room. Interview Room. 3 Private offices. Copy/Storage Room.with Casework. Open workspace area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1518776
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$13,244,962
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
  • Listing ID: 25397623

  • Date on Market: 4/4/2022

  • Last Updated:

  • Address: 400 International Way, Springfield, OR 97477

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