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.

Recently Listed Properties

3,990 SF End Cap Retail Space in Springfield

Springfield, OR

For Lease 

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.


END CAP Retail Space 3,990 SF Springfield
Flyer - Springfield - 2329 Olympic St En[...]
Adobe Acrobat document [657.4 KB]

875 Wilson Street: High Quality Industrial Warehouse / Office

Eugene, OR

For Lease 

Type: Zoned Community Commercial

Rent: $2,350/ month ($0.68/ SF) Modified Gross

Dimensions/ Space: 3,456 SF (2,250 SF Warehouse, 1206 SF Office)

Description/Features: High Quality, tilt-concrete construction industrial warehouse space with four private offices, reception area, break room and conference room. Two ADA restrooms. Higher end construction in office areas with seperate HVAC. Built in 1998 - excellent condition throughout.


875 Wilson St. Ste A
Flyer - Eugene - 875 Wilson -FL - .pdf
Adobe Acrobat document [627.5 KB]

Former Key Bank Located at Corner of I-105 and Main St. in Thurston Area

5690 Main Street

Springfield, OR

For Lease

Type: Zoned Community Commercial

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. 

Flyer 5690 Main St. Springfield
5690 Main St. Springfield .pdf
Adobe Acrobat document [1.6 MB]

Leased Investment Property; Fed Ex Distribution in Corvallis

210 S.W. Airport Ave.

Corvallis, OR

For Sale

Type: Airport and Industrial uses

Sale Price: $3,575,000 (6.41% 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.

Flyer 210 S.W. Airport Avenue
Flyer- Corvallis - Fedex - 201 SW Airpo[...]
Adobe Acrobat document [1.8 MB]

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

     Email: john@jpennington.com

Jack Pennington

     Cell #: 541-513-0918

     Email: jack@jpennington.com


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