61510 American Lane, Bend, OR 97702
$2,300,000
Property Type:
Commercial Sale
Square Footage:
16,300
Lot Size (sq. ft.):
43,560
Status:
Closed
Current Price:
$2,300,000
List Date:
3/20/2024
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 220176362
General Property Information
- Building Area Total
- 16300
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 5
- Year Built
- 1994
- New Construction YN
- No
- Zoning
- IL
- Tax Annual Amount
- 15529.1
- Tax Year
- 2023
- Potential Tax Liability YN
- No
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- Western Title - Diane Ingersoll Thorp
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Additional Features:
3 Phase Electric; ADA Comply; Office Space; Separate Electric Meters; Separate Gas Meters
Basement:
None
Common Walls:
2+ Common Walls
Construction Materials:
Block; Steel Frame
Cooling:
Other
Flooring:
Carpet; Concrete; Vinyl
Foundation Details:
Slab
Heating:
Natural Gas; Other
Levels:
One
Roof:
Metal
Security Features:
Fire Sprinkler System
Existing Lease Type:
NNN
Business Type (AKA Sub Type):
Auto Service; Construction/Contractor; Income/Investment; Manufacturing; Warehouse
Owner Pays:
Common Area Maintenance; Sewer; Water
Tenant Pays:
Electricity; Exterior Maintenance; Gas; Interior Maintenance; Janitorial Service; Repairs; Taxes
Easements:
Access; Utilities
Exterior Features:
Courtyard
Flood:
N/A
Utilities:
Electricity Connected
Lot Features:
Fenced
Parking Features:
Asphalt
Road Frontage Type:
Shared Access
Road Surface Type:
Paved
Sewer:
Public Sewer
Water Source:
Public
Documents on File:
Maintenance Records; Rental Agreement
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 61510
- Street Name
- American
- Street Suffix
- Lane
- County
- Deschutes
- State
- OR
- Postal Code
- 97702
Contract Information
- Original List Price
- 2500000
- Listing Contract Date
- 2024-01-30
Remarks and Miscellaneous
- Public Remarks
- Amazing opportunity for an owner user, or investor to buy a 16,300 square foot industrial building with a fenced yard. 7.5% cap once rents can be increased to market rates. SDC fees paid for manufacturing on 4 of the 5 units. All tenants have 1 year left on their lease, so a new owner can re:negotiate current leases up to market rate, and/or owner/user can move in at that time. 1 dock high door, 8 total roll up doors. 5 total suites, with about 800 sq/ft in office in units 130-140, plus a break room. 3phase, 208V electric. 15+ parking spots. Air conditioner present in the original block building. 18-28' high ceilings - buyer to due diligence to confirm.
Status Change Information
- Close Date
- 2024-04-16
- Under Contract Date
- 2024-03-20
- Status Change Timestamp
- 2024-04-16
- Close Price
- 2300000
- Sold Price per SqFt
- 141.1
More Information
Currently Not Used
- List Price per SqFt
- 153.37
Unit 1
- Unit #
- 100
- Option to Extend
- No
Unit 2
- Unit #
- 110
- Option to Extend
- No
Unit 3
- Unit #
- 120
- Tenant Name
- Earthcruiser
- Option to Extend
- No
Unit 4
- Unit #
- 130
- Tenant Name
- Earthcruiser
- Option to Extend
- No
Unit 5
- Unit #
- 140
- Tenant Name
- Earthcruiser
- Option to Extend
- No
Business Details
- Business Included?
- No
Income and Expenses (Annual Amounts)
- Cap Rate %
- 7.82
- Estimated Gross Operating Income $
- 222240
- Management Expenses
- 8889
- Net Operating Income
- 195571
- Vacancy %
- 5
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 15
Listing Office:
Bend Premier Real Estate LLC
Last Updated: February - 10 - 2026
Broker Attribution:
541-233-6922
Information deemed reliable but not guaranteed.