Recent Transactions
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90330 Hwy 99 North at Airport Rd in Eugene
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The need, problem and solution.
90330 Hwy 99 North at Airport Rd in Eugene OR was a 19,800sqft. I-2 zoned industrial building that was empty. The owners were a retired couple that had sold their business and leased the building to the new business owners that ended up failing six years later. Priced at $1,100,00 the property had sat idle for a year. When I met with the owners my goal was to find out what their desired outcome could be. The problem we faced was the lack of qualified buyers that could pass the banks underwriting requirements for both down payment, and credit worthiness. We needed to be creative to accomplish the sellers desired outcome. My first question was what were you going to do with the proceeds upon the selling of the property? Do you own the property outright? If there is no debit would you consider caring back the financing, or do a lease option to purchase? They said no one had asked those questions before they consulted with their accountant and agreed that those options could be very beneficial. Brent McLean responded to our offer with a client that had a successful business, a great reputation and needed a new location to expand. This buyer did not have a lot of cash to spare they needed the cash on hand to improve the property. The offer was for $1,000,000 at 6% interest for 3 years. To be renegotiated at that time. A perfect solution for my clients the sellers as they would only be paying taxes on the money received annually, they were making 6% on their money that would have been making much less then that sitting in a bank deposit. The buyer got in with a very small down and was able to buy rather than lease a building. – Kevin Reed, CCIM
Sold
Flexible Space (Live/Work Studio) – S. 2nd Street, Springfield
1,440 square foot workshop/studio with an attached 320 square foot office on the ground floor and a 1,300square foot 2 bedroom/1 bath loft like feel apartment upstairs. Ideal for an Artist or Manufacturer who needed space to create.
Unique Service Offered by Broker: The Broker conducted an extensive marketing session that included using media outlets like Circlepix and Blue Mountain Flyers. Broker assisted both parties in negotiating the desired sales contract, assisted Buyer during their due diligence process of inspecting the building, and ensured both parties a smooth transaction.
Sold
Bank Owned Properties – Peppertree, Eugene
Two single family properties owned by banks that were located in a quiet tree lined neighborhood. Each home offered three bedrooms, 2 car attached garages, fenced backyards, and were closely located to desired 4-J schools.
Unique Services Offered by Broker: The Broker assisted the client in determining market value for properties, assisted Buyer in bidding process with the banks, assisted client during the inspections of the properties, assisted with preliminary title review, and ensured a smooth and timely closing.
Industrial Land – West Eugene, Eugene
2 contiguous industrial lots zoned I-3 Heavy Industrial.
Unique Services Offered by Broker: The Broker assisted the clients in reviewing lot lines, railroad easements, and required setbacks. Assisted clients in environmental assessment, review of the preliminary title report, and assisted client in determining the ideal entity for ownership.
Sold
Industrial Truck Shop-Warehouse Building, 42nd Street Springfield
5,800 square foot concrete block building located with good freeway access.
The building needs some TLC but the buyer feels it is a diamond in the rough.
It has adequate office space, restrooms, warehouse space and a drive through
truck service bay that the new buyer desired.
Brokerage Services offered to Buyer: This building was targeted as a 100%
location by the buyer after three years of periodic meetings. The broker
contacted the seller as the Buyer’s Agent many times over the three years and
the seller finally decided it was time to move out of the property. Buyer’s broker
then structured and offer to purchase the property in “ AS-IS “ condition for the
buyer so he could do the repairs to his specifications. Broker assisted in
obtaining quotes for survey services, environmental services and roofing quotes.
Leased:
Leased
Office Space – East 11th Avenue, Eugene
1,491 square foot professional office suite which featured three offices with windows, reception area, and conference room. Great downtown location with ample client parking.
Unique Service Offered by Broker: The Broker assisted the clients in negotiating desired lease terms, conducted market rent study to determine competitive terms, and introduced clients to business professionals who help them prepare their space to fit their desired business image.
Leased
Medical Space – Patterson Street, Eugene
2,287 square foot medical suite located near the Sacred Heart Medical Center, University District that offered 24 hour emergency department. The suite offered an abundance of windows, great floor plan, and professional image.
Unique Service Offered by Broker: The Broker showed the clients all of the available medical space in the area, assisted clients in determining desired lease terms based on current business model, and negotiated a successful lease contract on the client’s behalf.
