1155 N Main Street, Prineville, OR 97754
$6,275,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
3,571,920
Status:
Closed
Current Price:
$6,275,000
List Date:
3/07/2016
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 201601734
General Property Information
- Building Area Source
- Assessor
- Zoning
- M2 and HM
- Tax Annual Amount
- 221987.95
- Tax Year
- 2015
- CC&R's YN
- No
- Sign On Property YN
- No
Property Features
Flooring:
Concrete
Foundation Details:
Slab
Heating:
Natural Gas
Roof:
Metal
Existing Lease Type:
NNN
Business Type (AKA Sub Type):
Income/Investment; Other
Tenant Pays:
Other
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash
Location Tax and Legal
- Street Number
- 1155
- Street Dir Prefix
- N
- Street Name
- Main
- Street Suffix
- Street
- County
- Crook
- State
- OR
- Postal Code
- 97754
- Subdivision Name
- Prineville
Contract Information
- Original List Price
- 6875000
- Listing Contract Date
- 2016-03-03
Remarks and Miscellaneous
- Public Remarks
- This is a great long term investment opportunity with a large manufacturing facility in Prineville Oregon. Contact Industries, which has been in business for over 70 years, recently executed a 20 year absolute NNN lease on this 82 acre complex with approximately 555,000 square feet under roof. Contact Industries is currently paying $480,000 annually and there are annual escalations ranging from 2-3%. The facility was built in 1955 and was extensively remodeled from 1998 to 2008.
Status Change Information
- Close Date
- 2016-09-21
- Under Contract Date
- 2016-07-18
- Status Change Timestamp
- 2016-09-22
- Close Price
- 6275000
More Information
Unit 1
- Tenant Name
- Contact Industries
- Monthly Rent
- 480000
- Rent Escalators
- Yes
- Option to Extend
- Yes
Income and Expenses (Annual Amounts)
- Cap Rate %
- 6.99
- Estimated Gross Operating Income $
- 480000
Miscellaneous Information
- Backup Package Available
- No
- Confidentiality/Non-Disclosure Agreement
- Yes
Parking Details
- Parking
- Yes
Listing Office:
Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.