856-888 Willamette St
Eugene, OR 97401
Broadway Mixed-Use Park · Local Inmueble En venta · 2.895 m² Total

Embark on an outstanding Downtown Eugene investment portfolio comprising two adjacent buildings, 45 West Broadway and 856 Willamette Street, at a highly visible corner in the heart of Eugene’s urban core. Together, the buildings offer a rare opportunity to acquire a nearly fully leased portfolio 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. Moosejaw, at 856 Willamette Street, holds a lease through April 30, 2028, but does not intend to occupy the space. This tenant is currently paying a below-market rate of $1.02 per square foot, and a potential buyout could be positioned as a value-add for a future buyer.

Both properties have 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, while 856 Willamette’s remodel was completed in early 2018. The buildings encompass a mix of office, retail, and multifamily uses, offering diversified income streams and reduced vacancy risk for investors.

The portfolio 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 and 856 Willamette Street combine stable cash flow with potential for long-term appreciation in one of Oregon’s most dynamic urban markets.