Welcome to Pennington Realty, Inc. We are a full-service real estate company specializing in commercial and investment properties in Lane County and throughout the state of Oregon. 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 clients and our hard work to achieve their real estate goals. Please contact our brokers and we will be happy to answer any questions you have regarding our services or real estate in Oregon.
HWY 99 Industrial Warehouse with Large Yard Area
Type: Zoning: I-2 (Medium Industrial)
Lease Rent: $0.55/sf NNN ($2,200/month) (NNN: $0.07/sf) ($280/ month)
Size: 4,000 sf on 30,000+ sf parcel (rocked)
Description/Features: 4,000 sf metal sided industrial warehouse on a large, 30,000+ sf rocked lot. Execellent HWY 99 exposure just south of the corner of Enid rd. and HWY 99. The property is zoned I-2, has 3-phase power, 18' clear hieght and two roll up doors (16'x12' / 10'x10'). Available May 1st, 2016.
HWY 101 Commercial Land Florence, OR
Type: Zoning: H (Highway District)
Sale Price: $637,900
Size: 1.82 acres (79,279 SF)
Description/Features: Large 1.82 acre parcel fronting on HWY 101 in Florence, OR. Located next to the Economy Inn near the intersection of 40th Street & HWY 101. Near to Sandpines Golf Course and Fed Meyer. Zoning allows for commercial, multi-family, PUD, mini-storage use. Two parcels: CAN BE SOLD SEPARATELY.
3,990 SF End Cap Retail Space in Springfield
Type: Zoned Community Commercial
Rent: $5,586/ month ($1.40/sf/month) NNN
Dimensions/ Space: 3,990 SF
Description/Features: Newer retail center in high quality building in an excellent Springfield location. Great visibility being an End Cap space directly on Olympic St. Open space with high ceilings and lots of natural light. Located at the SE corner of Olympic St. and 23rd St. at the entrace to Jerry's Home Improvement Center. Other large details that surround the property are Super Walmart and Wilco. Exisiting tenants at the property are Verizon, Tan Republic, Vape Game, Patty's Deli and H & R Block. Please see flyer for more details.
Former Key Bank Located at Corner of I-105 and Main St. in Thurston Area
5690 Main Street
For Sale or Lease
Type: Zoned Community Commercial
Sale Price: $1,210,000
Rent: $8,000/ month NNN ($96,000/ annually NNN)
Dimensions/ Space: Building: approx. 8,412 SF , Land: 34,848 SF (0.80 acres)
Description/Features: Located in the Thurston area of east Springfield on the NE corner
of Main Street and I-105. Hard corner with excellent visibility from both the street and
freeway. Excellent opportunity for redevelopment: Drive-through fast
food or coffee. Lessor is offering a long term lease: 20+ years with numerous
options. 2% annual base rent increases.
Leased Investment Property; Fed Ex Distribution in Corvallis
210 S.W. Airport Ave.
Type: Airport and Industrial uses
Sale Price: $3,420,000 (6.25% Cap rate)
Dimensions/ Space: Building: approx. 39,909 sf , Land: 196,020 sf (4.5 acres)
Description/Features: Leasehold property- Ground Lease that expires 2036 with 10-year option to extend. NOI of approximtely $213,765. 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.
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