Bend, OR 97702
$2,950,000
Property Type:
Commercial Sale
Square Footage:
29,666
Lot Size (sq. ft.):
218,236
Status:
Closed
Current Price:
$2,950,000
List Date:
7/19/2018
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 201807461
General Property Information
- Building Area Total
- 29666
- Building Area Source
- Assessor
- Year Built
- 1979
- New Construction YN
- No
- Zoning
- IL;IG
- Tax Annual Amount
- 26371.23
- Tax Year
- 2017
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- Amerititle Redmond - Sara Austin
- Sign On Property YN
- No
Property Features
Construction Materials:
Frame
Cooling:
Heat Pump; Wall/Window Unit(s)
Flooring:
Carpet; Concrete
Foundation Details:
Slab
Heating:
Ductless; Electric; Heat Pump; Natural Gas; Wall Furnace
Levels:
Two
Roof:
Composition
Existing Lease Type:
Call Listing Agent; Net
Business Type (AKA Sub Type):
Income/Investment; Professional/Office; Other
Owner Pays:
Exterior Maintenance; Repairs
Tenant Pays:
Electricity; Gas; Insurance; Interior Maintenance; Sewer; Taxes; Water
Exterior Features:
Rain Barrel/Cistern(s)
Lot Features:
Fenced; Landscaped
Miscellaneous Information:
Overhead/Dock Doors
Parking Features:
Asphalt; Parking Lot; Other
Special Assessments:
Water
View:
Cascade Mountains
Sewer:
Public Sewer
Water Source:
Backflow Domestic; Public
Listing Terms:
Cash
Location Tax and Legal
- County
- Deschutes
- State
- OR
- Postal Code
- 97702
- Subdivision Name
- CLAB
Contract Information
- Original List Price
- 3800000
- Listing Contract Date
- 2018-07-19
Remarks and Miscellaneous
- Public Remarks
- Attn Investors, huge price reduction! Property has potential tax benefits using the Opportunity Zone Program. Cap rate now 6%. Prime investment opportunity offered for the first time in the desirable fast growing Bend, OR! This property features newer solid long term leases, with a large majority being triple net. Great long term anchor tenant just signed a new 10 yr NNN lease, L&W Building supply backed by one of the largest construction supply corporations in the Country. Other features incl 4 buildings totaling 28,734sf, 5,090sf covered storage, 1,932sf 2nd level offices, 5+ ac prime Industrial land w/development potential, 7 tax lots, new paving, 6yr old roof, & some new HVAC systems.
Status Change Information
- Close Date
- 2019-04-30
- Under Contract Date
- 2019-02-25
- Status Change Timestamp
- 2019-05-01
- Close Price
- 2950000
- Sold Price per SqFt
- 99.4404
More Information
Currently Not Used
- List Price per SqFt
- 111.2384
Unit 1
- Unit #
- Yes
- Tenant Name
- L & W Building Supply
- Rent Escalators
- Yes
- Option to Extend
- Yes
Unit 2
- Unit #
- 2
- Tenant Name
- Chinook Contracting
- Rent Escalators
- Yes
- Option to Extend
- Yes
Unit 3
- Unit #
- 3
- Tenant Name
- Cascade Truck & Auto
- Rent Escalators
- Yes
- Option to Extend
- Yes
Unit 4
- Unit #
- 4
- Tenant Name
- River Roofing
- Rent Escalators
- Yes
- Option to Extend
- Yes
Unit 5
- Unit #
- 5
- Tenant Name
- Primary Residential Mortgage
- Rent Escalators
- No
- Option to Extend
- No
Income and Expenses (Annual Amounts)
- Cap Rate %
- 6
- Estimated Gross Operating Income $
- 207100
- Estimated Total Expenses
- 8628
- Net Operating Income
- 198472
Miscellaneous Information
- # Overhead/Dock Doors
- 18
- Backup Package Available
- No
- Confidentiality/Non-Disclosure Agreement
- No
Parking Details
- Parking
- Yes
Listing Office:
Century 21 North Homes Realty
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.