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The Woodside Bluff Office Complex 255 SW Bluff Dr 6,053 SF 100% Leased Office Building Bend, OR 97702 $2,922,427 ($482.81/SF) 5% Cap Rate
Investment Highlights
- Located on the prime corner of SW Bond Street & SW Bluff in the desirable Old Mill District
- Professionally managed
- Excellent mix of tenants
- Stable, long term tenant roster
- Traffic counts exceed 16,000 AADT
- 21 onsite parking
Executive Summary
Fully leased multi-tenant investment located on the prime corner of SW Bluff and SW Bond in the highly desirable Old Mill District. This stellar location offers convenient access to Downtown Bend, the Old Mill District, the Amphitheater, the Shops at the Old Mill and the Parkway.
This property has been well-maintained and professionally managed. 255 SW Bluff is positioned in one of Bend's most sought-after commercial areas boasting a high visibility corner and strong surrounding demographics.
The NOI for this fully leased NNN investment includes a 5% Vacancy and 2% Reserve (*lease rates are calculated using rents through November 2026).
This property has been well-maintained and professionally managed. 255 SW Bluff is positioned in one of Bend's most sought-after commercial areas boasting a high visibility corner and strong surrounding demographics.
The NOI for this fully leased NNN investment includes a 5% Vacancy and 2% Reserve (*lease rates are calculated using rents through November 2026).
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Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,053 SF
Building Class
B
Year Built/Renovated
2008/2018
Price
$2,922,427
Price Per SF
$482.81
Cap Rate
5%
NOI
$146,121
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,027 SF
Building FAR
0.26
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
Mixed Riverfront - Mixed-Use Riverfront (MR) zoning allows for a variety of commercial business operations
Parking
27 Spaces (4.46 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Coachwell Inc
- Services
- 2,685 SF
- -
- Triple Net
- Jul 2029
- Kimberly Delaney APRN PSYD
- Health Care and Social Assistance
- 981 SF
- -
- Triple Net
- Sep 2027
-
- Health Care and Social Assistance
- 1,137 SF
- -
- Triple Net
- Apr 2029
My Hearing Centers was started by entrepreneurs in Sandy, Utah in 2010 with the goal of bringing a fresh approach to hearing education and hearing care. Since then, My Hearing Centers has grown to over 100 offices in several states and continues to grow faster than any practice in the Western United States. They hope their growth is a sign that they are doing things right! My Hearing Centers is comprised of seasoned industry professionals. Despite their growth, they recognize that they must maintain the local touch in each of their offices. Their local care givers are dedicated, career hearing care providers who care deeply about the changes they bring to their patients.
- Revive Health & Wellness
- Health Care and Social Assistance
- 1,250 SF
- -
- Triple Net
- Sep 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Coachwell Inc | Services | 2,685 SF | - | Triple Net | Jul 2029 | |
| Kimberly Delaney APRN PSYD | Health Care and Social Assistance | 981 SF | - | Triple Net | Sep 2027 | |
|
|
Health Care and Social Assistance | 1,137 SF | - | Triple Net | Apr 2029 | |
| Revive Health & Wellness | Health Care and Social Assistance | 1,250 SF | - | Triple Net | Sep 2028 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 197454 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,519,360 |
Property Taxes
Parcel Number
197454
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,519,360
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