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Eugene Retail Assets Trade for $5.1M

November 30, 2017
MT Crescent LLC acquired three properties at 2840 - 2866 Crescent Ave. in Eugene, OR for $5.1 million, or about $222 per square foot, from Triton Properties LLC.

The purchase of the three buildings, which total 22,982 square feet, included the 4,442-square-foot US Bank Building, the 9,780-square-foot Crescent Retail Center and the 8,706-square-foot Summer Oaks Retail Center. All three buildings were built between 2001 and 2008. In aggregate, the properties were roughly five-percent vacant at the time of sale.

Bob Nelson of Pacwest Real Estate Investments, Inc. represented the buyer. Jeff Elder of Evans Elder Brown & Seubert, Inc represented the seller.

Refer to CoStar COMPS #4060723 for more information on this transaction.
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