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Fully Leased Industrial Investment Property 1560 NE 1st St 17,640 SF 100% Leased Industrial Building Bend, OR 97701 $2,550,000 ($144.56/SF) 6.56% Cap Rate

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Investment Highlights

Fully leased 14-suite industrial investment with a proven history of strong occupancy and stable in-place income.
Mixed Employment (ME) zoning accommodates a variety of industrial and employment-oriented business uses.
17,640 SF industrial building on a 0.91-acre site with 25 onsite parking spaces for tenants and visitors.

Small-bay suite configuration with eight 1,200 SF units and six 1,340 SF units supports a diverse tenant base.
Central Bend location with convenient access to Business Highway 97, the Bend Parkway, downtown, and Highway 20.
100 amp electrical service in every suite provides reliable power for a wide range of light industrial operations.

Executive Summary

1560 NE 1st Street offers the opportunity to acquire a well-established, multi-tenant industrial investment in Bend’s Midtown commercial district. Priced at just $144.56 per square foot, the property represents exceptional value for a fully leased industrial asset in Bend. The building includes 14 industrial suites totaling approximately 17,640 square feet, with eight 1,200-square-foot units and six 1,340-square-foot units. This small-bay configuration supports a diverse tenant mix and has historically maintained very low vacancy.
The property is fully leased and currently generates $18,373 in gross monthly rental income. At a 6.56% capitalization rate, the asset provides immediate cash flow with additional value-add potential through professional property management, strategic renewals, and adjustments toward current market rents.
Located near Business Highway 97, the Bend Parkway, and downtown Bend, the property offers convenient access for tenants, employees, and customers. Its central location, proven occupancy history, and functional suite sizes make 1560 NE 1st Street a compelling industrial investment with stable in-place income and potential for future NOI growth.

Marketing Brochure 07.26

Property Facts

Price	$2,550,000	Rentable Building Area	17,640 SF
Price Per SF	$144.56	No. Stories	1
Sale Type	Investment	Year Built	1974
Cap Rate	6.56%	Parking Ratio	1.42/1,000 SF
Property Type	Industrial	Clear Ceiling Height	18’
Property Subtype	Warehouse	No. Drive In / Grade-Level Doors	14
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.91 AC
Zoning	ME - Mixed Employment

Price	$2,550,000
Price Per SF	$144.56
Sale Type	Investment
Cap Rate	6.56%
Property Type	Industrial
Property Subtype	Warehouse
Building Class	C
Lot Size	0.91 AC
Rentable Building Area	17,640 SF
No. Stories	1
Year Built	1974
Parking Ratio	1.42/1,000 SF
Clear Ceiling Height	18’
No. Drive In / Grade-Level Doors	14
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	ME - Mixed Employment