20420 Robal Lane, Bend, OR 97703

$10,750,000
Property Type: Commercial Sale Square Footage: 6,900 Lot Size (sq. ft.): 359,370 Status: Closed
Current Price: $10,750,000 List Date: 9/02/2021 Last Modified: 2/10/2026

Overview

Description

LOT SIZE One single tax lot divided into two separate parcels 8.25 acres Total, estimated at 7.4 +/- acres net buildable/net leasable BUILDING SF 6,900 RSF two-story CMU block facility ZONING CG – Commercial General – With residential use allowed. Zoning allows for a maximum height of 45 feet (up to 55 feet for mixed-use) and 43 units per gross acre. OCCUPANCY 100% Occupied CAP RATE 5.25% NNN MASTER LEASE WITH 5 YEARS REMAINING. For more details, please see the attached document outlining the investment opportunity.

Listing Details MLS# 220131016

General Property Information

Building Area Total
6900
Building Area Source
Assessor
Building Area Units
Square Feet
# of Units Total
Yes
Year Built
1999
New Construction YN
No
Zoning
CG
Tax Annual Amount
32388.2
Tax Year
2020
CC&R's YN
No
FIRPTA YN
No
Sign On Property YN
No

Property Features

Additional Features: Office Space Common Walls: No Common Walls Construction Materials: Block Cooling: Central Air Flooring: Concrete Foundation Details: Slab Heating: Heat Pump Levels: Two Roof: Asphalt Existing Lease Type: Absolute Net Utilities: Electricity Connected Parking Features: Asphalt Road Surface Type: Paved Sewer: Sand Filter Water Source: Private Documents on File: APOD; Engineers Report; Environment Report; Seller Disclosure Listing Terms: Cash Special Listing Conditions: Standard

Location Tax and Legal

Street Number
20420
Street Name
Robal
Street Suffix
Lane
County
Deschutes
State
OR
Postal Code
97703

Contract Information

Original List Price
11250000
Listing Contract Date
2021-08-09

Remarks and Miscellaneous

Public Remarks
LOT SIZE One single tax lot divided into two separate parcels 8.25 acres Total, estimated at 7.4 +/- acres net buildable/net leasable BUILDING SF 6,900 RSF two-story CMU block facility ZONING CG – Commercial General – With residential use allowed. Zoning allows for a maximum height of 45 feet (up to 55 feet for mixed-use) and 43 units per gross acre. OCCUPANCY 100% Occupied CAP RATE 5.25% NNN MASTER LEASE WITH 5 YEARS REMAINING. For more details, please see the attached document outlining the investment opportunity.

Status Change Information

Close Date
2022-03-31
Under Contract Date
2022-01-15
Status Change Timestamp
2022-03-31
Close Price
10750000
Sold Price per SqFt
1557.97

More Information

Currently Not Used

List Price per SqFt
1490.58

Business Details

Business Included?
No

Income and Expenses (Annual Amounts)

Cap Rate %
5.25

Parking Details

Parking
Yes
# of Parking Spaces
80
# of Other Parking
300
# of Carports
2

Documents

Listing Office: Fratzke Commercial R.E. Advisors
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.
Search powered by FBS Products