Welcome to Pennington Realty, Inc. We are a full-service real estate company specializing in commercial and investment properties in Lane County. With close to 80 years of combined experience in the industry, our brokers have earned a strong reputation for hard work, expert knowledge and professionalism. As a small firm, we pride ourselves on in-depth understanding of the individual needs of our customers and working hard to achieve their real estate goals. Please contact any of our brokers and we will be happy to answer questions you have regarding our services or real estate in Oregon.
Learn more about our brokers and the services we offer.
Leased Investment Property; Fed Ex Distribution in Corvallis
210 S.W. Airport Ave.
Type: Airport and Industrial uses
Sale Price: $3,200,000 (8.0% Cap rate)
Dimensions/ Space: Building: approx. 39,909 sf , Land: 196,020 sf (4.5 acres)
Description/Features: Leasehold property- Ground Lease that expires 2046 with 10-year option to extend. NOI of approximtely $256,671. Located on NW corner of Hwy 99 and SW Airport Avenue in the Corvallis Airport Industrial Park. Please view flyer for details on the building's improvements and features.
High Quality Office Building
250 Country Club Road
For Sale or Lease
Type: Office Building
Sale Price: $3,600,000 $2.99 mil
Lease Rent: $1.25 $1.00/sq.ft. NNN
Dimensions/ Space: 20,810 sf. (1st floor: 11,240 sf. 2nd floor: 9,570 sf.
Net rentable area: approx. 20,496 sf.
Description/Features: Highly desirable, prime office location in the north Eugene area. Easy access to freeways, downtown, Valley River Center, and Oakway Mall. Across the street from Eugene Country Club.
Restaurant/ Apartment 4,000 sf in Florence
385020 Hwy 101
Florence, OR 97439
Type: Retail (sub: restaurant)
Price: $524,500 ($131.13/ sf)
Dimensions/ Space: 4,000 sf (2,500 sf restaurant, 1,500 sf apartment upstairs)
Description/Features: Full service restaurant. Sale includes building, land, business, restaurant equipment and fixtures
68 seats in restaurant, full kitchen/ 10' hood, large banquet room, two restrooms,
all furniture, utensils, and equipment included with sale. Many recent improvements including flooring, counters, POS system, and others
Separate 2nd floor apartment: 3 bedrooms / 1 bath, 1,500 sf - Rent: 750/month
Building size: 4,000 +/- sq. ft. Restaurant : 2,500 sf Apartment: 1,500 sf
Extra space in a large, open basement area - Separate detached garage
Pennington Realty Inc.
1144 Gateway Loop ste 205
Springfield, OR 97477
Office #: 541-344-5959
Fax #: 541-344-5966
John Pennington, CCIM, GRI
Cell #: 541-579-4600
Cell #: 541-513-0918