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270 E Sun Ranch Dr 11,554 SF Industrial Building Sisters, OR 97759 $2,500,000 ($216.38/SF) 5.47% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable NNN Investment – 100% leased to a long-term tenant of 17 years, an established international company
- Built-In Upside – Two (2) additional 4-year renewal options with market rent adjustments
- Modern Construction – 11,554 SF two-story industrial building built in 2009 by Redstone Construction
- Strong Lease Structure – Approximately 6 years remaining on a Triple Net (NNN) lease with 2% annual rent increases
- Attractive Yield – Current cap rate of ±5.49% based on in-place income
- Functional Industrial Layout – Combination of office, manufacturing/assembly, distribution, and warehouse space
EXECUTIVE SUMMARY
Stable, long-term investment opportunity located in the highly desirable Sun Ranch Business Park in Sisters, Oregon. This well-constructed 11,554 SF two-story industrial building, built in 2009 by Redstone Construction, is 100% leased to a long-term tenant of 17 years—an established international company—providing reliable and predictable cash flow.
The property is secured by a Triple Net (NNN) lease with approximately 6 years remaining, featuring 2% annual rent increases, plus two additional 4-year renewal options with market adjustments, offering both near-term income stability and long-term upside.
The building is thoughtfully designed to support a wide range of industrial, distribution, manufacturing, and R&D uses. The upper level includes executive offices, a spacious kitchen, and outdoor seating with scenic views. The main floor features a welcoming entry, conference room, and a flexible manufacturing/assembly area. Additionally, the property boasts an extensive distribution and storage center equipped with radiant floor heating and dock-high loading, enhancing operational efficiency.
Key features include 3-phase power, multiple grade-level doors, dock-high delivery, radiant and zoned heating, central air, high-speed fiber connectivity, fire sprinkler system, and ample on-site parking. The landscaped ±0.71-acre site offers Cascade Mountain and territorial views and is located within an Airport Overlay Zone, further supporting industrial and logistical operations.
With a current cap rate of approximately 5.49%, minimal landlord responsibilities, and strong tenant credit, this property presents an excellent opportunity for investors seeking a low-management, income-producing asset in one of Central Oregon’s most sought-after business parks. Showings available upon request.
The property is secured by a Triple Net (NNN) lease with approximately 6 years remaining, featuring 2% annual rent increases, plus two additional 4-year renewal options with market adjustments, offering both near-term income stability and long-term upside.
The building is thoughtfully designed to support a wide range of industrial, distribution, manufacturing, and R&D uses. The upper level includes executive offices, a spacious kitchen, and outdoor seating with scenic views. The main floor features a welcoming entry, conference room, and a flexible manufacturing/assembly area. Additionally, the property boasts an extensive distribution and storage center equipped with radiant floor heating and dock-high loading, enhancing operational efficiency.
Key features include 3-phase power, multiple grade-level doors, dock-high delivery, radiant and zoned heating, central air, high-speed fiber connectivity, fire sprinkler system, and ample on-site parking. The landscaped ±0.71-acre site offers Cascade Mountain and territorial views and is located within an Airport Overlay Zone, further supporting industrial and logistical operations.
With a current cap rate of approximately 5.49%, minimal landlord responsibilities, and strong tenant credit, this property presents an excellent opportunity for investors seeking a low-management, income-producing asset in one of Central Oregon’s most sought-after business parks. Showings available upon request.
PROPERTY FACTS
| Price | $2,500,000 | Lot Size | 0.71 AC |
| Price Per SF | $216.38 | Rentable Building Area | 11,554 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 5.47% | Year Built | 2009 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | A | Parking Ratio | 1.21/1,000 SF |
| Zoning | NSBP - Industrial. | ||
| Price | $2,500,000 |
| Price Per SF | $216.38 |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| Property Type | Industrial |
| Building Class | A |
| Lot Size | 0.71 AC |
| Rentable Building Area | 11,554 SF |
| No. Stories | 2 |
| Year Built | 2009 |
| Tenancy | Single |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | NSBP - Industrial. |
AMENITIES
- Security System
- Smoke Detector
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Number | 251134 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,355,730 |
PROPERTY TAXES
Parcel Number
251134
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,355,730
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270 E Sun Ranch Dr
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