1320 NE Armour Road, Bend, OR 97701

$2,130,000
Property Type: Commercial Sale Square Footage: 31,293 Lot Size (sq. ft.): 160,301 Status: Closed
Current Price: $2,130,000 List Date: 12/02/2013 Last Modified: 2/10/2026

Overview

Description

100% leased industrial business park. 6 solid tenants with great rental history and long term track records. 3 separate buildings built in 1994, 2000, and 2001 on 3.68 acre site zoned IL. 6.7% cap rate on existing income. Excess land valued at $75,000. Quality investment opportunity in Bend. Never before on the market.

Listing Details MLS# 201310683

General Property Information

Building Area Total
31293
Building Area Source
Assessor
Year Built
1994
New Construction YN
No
Building Permit Issued YN
No
Zoning
IL
Tax Annual Amount
25510
Tax Year
2013
CC&R's YN
Yes
Sign On Property YN
No

Property Features

Flooring: Carpet; Concrete; Vinyl Foundation Details: Slab Heating: Baseboard; Natural Gas Levels: One Roof: Metal Existing Lease Type: Call Listing Agent; Net; NNN Business Type (AKA Sub Type): Income/Investment; Other Sewer: Public Sewer Water Source: Public Listing Terms: Cash

Location Tax and Legal

Street Number
1320
Street Dir Prefix
NE
Street Name
Armour
Street Suffix
Road
County
Deschutes
State
OR
Postal Code
97701
Subdivision Name
Eastside Bus+Ind Pk

Contract Information

Original List Price
22000000
Listing Contract Date
2013-12-02

Remarks and Miscellaneous

Public Remarks
100% leased industrial business park. 6 solid tenants with great rental history and long term track records. 3 separate buildings built in 1994, 2000, and 2001 on 3.68 acre site zoned IL. 6.7% cap rate on existing income. Excess land valued at $75,000. Quality investment opportunity in Bend. Never before on the market.

Status Change Information

Close Date
2014-04-11
Under Contract Date
2014-02-03
Status Change Timestamp
2014-04-12
Close Price
2130000
Sold Price per SqFt
68.0663

More Information

Currently Not Used

List Price per SqFt
70.3032

Income and Expenses (Annual Amounts)

Cap Rate %
6.7

Miscellaneous Information

Backup Package Available
Yes
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.