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960-1001 SW Disk Drive, Bend, OR 97702
61,000 SF | Office
Office Property - Off Market
- Building Size:
- 61,000 SF
- Property Type:
- Property Sub-type:
- Office-Business Park
- Property Use Type:
- Cap Rate:
- No. Stories:
- Building Class:
- Year Built:
- Lot Size:
- 7.86 AC
- Parking Ratio:
- 3.80 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
The Property is a 61,000 square-foot Class A, 6-building, 1- and 2-story office park that was developed in stages from 1985 to 2007. The property has enjoyed a steady tenant base, many of whom have been tenants at the Property for a number of years. This offering presents an excellent opportunity for a qualified investor to acquire one of the highest quality office complexes that Bend has to offer, with significant upside potential from lease-up of existing vacant space.
A qualified buyer may assume the existing loan with a current balance of $11,984,000, at an annual interest rate of 5.77% amortized over 35 years, all due and payable in February 2017.
Deschutes Ridge is ideally located in the Old Mill Section of Bend and offers dramatic views of the Deschutes River and the snow covered peaks of the Cascades, including the Three Sisters and nearby Mt. Bachelor. Bend is the largest city in Central Oregon, located 160 miles southeast of Portland.
Please contact Gary Griff or Jim Lewis for additional details, or download the attached Confidentiality Agreement to receive a complete Offering Memorandum.
Map of 960-1001 SW Disk Drive, Bend, OR 97702 (Deschutes County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P