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1295 W 18th Ave
Eugene, OR 97402
Retail Property For Sale
Investment Highlights
- Fully leased to a 501(c)(3) nonprofit with no renewal options, allowing rent reset
- Tenant covers 100% of utilities, insurance, and maintenance
- Located in a high-demand area with over 8,000 children under age five nearby
- Three-building campus with extensive childcare-specific upgrades
- 6.0% cap rate with CPI-based annual escalations
Executive Summary
The property consists of three separate buildings, including the Main Center, Annex, and Residence, offering a cohesive and functional campus feel. These structures have been specifically improved and adapted for childcare operations, featuring multiple classrooms, a gymnasium, outdoor play areas, and ADA-compliant facilities.
The property has undergone extensive upgrades, including a 23.4 megawatt solar panel installation, newer membrane roof, updated HVAC systems, energy-efficient lighting, and all ADA-compliant restrooms. These enhancements ensure operational efficiency and reduce long-term maintenance costs.
The property has undergone extensive upgrades, including a 23.4 megawatt solar panel installation, newer membrane roof, updated HVAC systems, energy-efficient lighting, and all ADA-compliant restrooms. These enhancements ensure operational efficiency and reduce long-term maintenance costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,769 SF
Year Built/Renovated
1990/2023
Price
$3,883,257 CAD
Price Per SF
$304.12 CAD
Cap Rate
6%
NOI
$232,995 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.52
Lot Size
0.56 AC
Zoning
R-1 - Single-Family Residential w/Conditional Use Permit
Property Taxes
| Parcel Number | 0488955 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $853,649 CAD |
Property Taxes
Parcel Number
0488955
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$853,649 CAD
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