
ChenMed - Cincinnati, OH
6121 Colerain Avenue, Cincinnati, OH, 45239, US
729 m²
Jones Lang Lasalle Americas, Inc. (“JLL”), on behalf of ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a six-story, 157,295 net rentable square foot multi-specialty medical outpatient building, an attached 888 stall parking structure, and 4,598 RSF of retail space (the "Property") located two blocks from the University of Oregon campus in Eugene, Oregon. The Property's medical outpatient space is leased to PeaceHealth (Fitch: A+) for 10 years and houses a variety of complementary clinical services including primary care, internal medicine, women's health, pediatrics, urgent care, imaging, dermatology, endocrinology, anticoagulant, ENT, and behavioral health.
Centrally located in Eugene, OR, the Property is adjacent to the University of Oregon, a growing top-tier public research university with a student population exceeding 24,000. The Property features several strategic subtenants including Quest Diagnostics, Oregon Imaging, and Volunteers in Medicine.
The opportunity offers an investor a significant and reliable cash flow stream on a favorable triple net lease inclusive of 3.0 percent annual rental escalations. Retail leases and creative management of the parking garage further enhance value of the Property. The Property will be conveyed unencumbered by in-place debt.