10 Coburg Rd. | Suite 100
Leased Class A Medical Office Condominium
Marketing description
The Ten Coburg is located adjacent the Ferry Street Bridge on Coburg Road, which is a high-traffic arterial, with daily traffic counts well exceeding 40,000 vehicles per day. The property has abundant, parking & convenient access from all parts of Eugene/Springfield and surrounding areas via I-105 & I-5.
The Ten Coburg is Eugene's premier professional medical building. This three-story Class A building was designed by TBG Architecture and constructed in 2009. Built specifically for the needs of medical, dental and other professionals, the five professional office condominiums of The Ten Coburg offer high-quality spaces with top-quality finishes.
Women's Care was organized in 1988 and is the oldest medical group in Lane County specializing in women's health. Women's Care currently has 29 physicians with four locations offering specialized obstetrics and gynecology services.
Investment highlights
- Tenant: Women's Care P.C.
- Medical clinic and office use
- Annual Base Rent is triple net
- Base Rent increases 3% annually on October 1st of each lease year
- Current Lease term is through September 30, 2028
- Tenant has two options to renew for 5 years each. Renewal Base Rent to be the greater of the Base Rent at the time of renewal, or Fair Market Rent
- Security deposit: $25,000
- Recent building upgrades: HVAC and Fire Suppression System
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