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Chukar Point Bldg - 7% Cap Rate 267 NE 2nd St 4,595 SF 78% Leased Office Building Prineville, OR 97754 $1,090,000 ($237.21/SF) 7% Cap Rate

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Executive Summary

Chukar Point is a multi-tenant office building located in downtown Prineville. The building is fully leased to 8 tenants through the end of 2026. Quality construction and well maintained. This property features an elevator, sprinklers throughout, 12 onsite parking spaces, and ample street parking in front of the building. The property is now being offered at a 7% cap rate, making it an attractive investment opportunity.

267 NE Second St packet - 2.2.26

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

4,595 SF

Building Class

Year Built

2005

Price

$1,090,000

Price Per SF

$237.21

Cap Rate

NOI

$76,300

Percent Leased

78%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

2,298 SF

Slab To Slab

9’

Building FAR

0.50

Lot Size

0.21 AC

Opportunity Zone

Yes

Zoning

Parking

12 Spaces (2.61 Spaces per 1,000 SF Leased)

Bus Line

Signage

Space Availability

Space
Size
Space Use
Condition
Available

1st Fl-Ste 100
1,028 SF
Office
-
Apr 2026

267 NE 2nd St, Prineville, OR for sale Interior Photo- Image 1 of 3 — Interior Photo

267 NE 2nd St, Prineville, OR for sale Interior Photo- Image 2 of 3 — Interior Photo

267 NE 2nd St, Prineville, OR for sale Interior Photo- Image 3 of 3 — Interior Photo

Quality construction and well maintained. This property features an elevator, sprinklers throughout, 12 onsite parking spaces, and ample street parking in front of the building. The space includes a reception area, 3 offices, in suite restroom and kitchen. Additional storage space available.