Historical Office Sale Listing - Deschutes Ridge

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Deschutes Ridge

960-1001 SW Disk Drive, Bend, OR 97702

N/A

61,000 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
61,000 SF
Property Type:
Office
Property Sub-type:
Office-Business Park
Property Use Type:
Investment
Cap Rate:
7.50%
Occupancy:
85%
No. Stories:
2
Building Class:
A
Tenancy:
Multiple
Year Built:
1985
Lot Size:
7.86 AC
Parking Ratio:
3.80 / 1,000 SF
Listing ID
16377729
Last Updated
over 1 year ago

Description

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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Created 8/31/2009