1011 SW Emkay Drive, Bend, OR 97702

$4,459,000
Property Type: Commercial Sale Square Footage: 19,358 Lot Size (sq. ft.): 54,014 Status: Closed
Current Price: $4,459,000 List Date: 4/02/2024 Last Modified: 2/10/2026

Overview

Description

Unique chance to acquire a fully leased, prime building in Bend's west side, near OSU-Cascades campus. 94% occupancy with 11 tenants, varying suite sizes. Excellent visibility on Colorado Ave, ample parking, and strong demographics. Bend, a rapidly growing city, boasts top rankings for business and lifestyle. Building offers solid construction, recent upgrades, and potential for increased value by aligning rents with market rates.

Listing Details MLS# 220179663

General Property Information

Building Area Total
19358
Building Area Source
Assessor
Building Area Units
Square Feet
# of Units Total
12
Year Built
1996
New Construction YN
No
Zoning
MU - Mixed Use
Tax Annual Amount
45179.33
Tax Year
2023
CC&R's YN
No
FIRPTA YN
No
Sign On Property YN
Yes

Property Features

Common Walls: 2+ Common Walls Construction Materials: Unknown Cooling: Central Air Flooring: Carpet Foundation Details: Concrete Perimeter Heating: Forced Air Levels: Two Roof: Asphalt Utilities: Electricity Connected Parking Features: Asphalt; Parking Lot Sewer: Public Sewer Water Source: Public Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
1011
Street Dir Prefix
SW
Street Name
Emkay
Street Suffix
Drive
County
Deschutes
State
OR
Postal Code
97702
Subdivision Name
Colorado Point

Contract Information

Original List Price
5800000
Listing Contract Date
2024-03-28

Remarks and Miscellaneous

Public Remarks
Unique chance to acquire a fully leased, prime building in Bend's west side, near OSU-Cascades campus. 94% occupancy with 11 tenants, varying suite sizes. Excellent visibility on Colorado Ave, ample parking, and strong demographics. Bend, a rapidly growing city, boasts top rankings for business and lifestyle. Building offers solid construction, recent upgrades, and potential for increased value by aligning rents with market rates.

Status Change Information

Close Date
2024-09-04
Under Contract Date
2024-06-05
Status Change Timestamp
2024-09-05
Close Price
4459000
Sold Price per SqFt
230.34

More Information

Currently Not Used

List Price per SqFt
253.13

Business Details

Business Included?
No

Parking Details

Parking
Yes
# of Parking Spaces
68

Documents

Listing Office: Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.
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