This Office Property is Off-Market.

960-1001 SW Disk Drive
Bend, OR 97702 ·

61,000 SF · Office For Sale

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Deschutes Ridge

Price N/A No. Stories 2
Building Size 61,000 SF Building Class A
Property Type Office Tenancy Multiple
Property Sub-type Office-Business Park Year Built 1985
Property Use Type Investment Lot Size 7.86 AC
Cap Rate 7.50% Parking Ratio 3.80 / 1,000 SF
Occupancy 85%
Listing ID: 16377729 Date Created: 08/31/2009 Last Updated: 05/21/2010

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.

Research

960-1001 SW Disk Drive, Bend, OR 97702 (Deschutes County)

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