Brooks Building - PRICE REDUCED 296 SW Columbia St 17,190 SF 76% Leased Office Building Bend, OR 97702 $5,950,000 ($346.13/SF) 5.30% Cap Rate
INVESTMENT HIGHLIGHTS
- UPDATE: 75% lease with a good mix of office and medical tenants. Allows for owner/user space.
- Several leases have options to renew
- Shops, restaurants and other services close by
- Annual lease rate escalation for all tenants is 3%
- Professionally managed
- Check out the attached estimated savings with cost segregation under documents
EXECUTIVE SUMMARY
This two-story office building features six suites plus a grand two-story lobby, an elevator, and shared restrooms on each floor, with one suite having its own unisex restroom. The three largest suites have a main interior entry and exit plus an exit to the outside. UPDATE: Owner/user space available.
The 17,000 +/- gross square foot building has been well-maintained and professionally managed during the current owner’s possession.
Showings coordinated with listing agent for approved buyers only. Please do not disturb tenants.
The 17,000 +/- gross square foot building has been well-maintained and professionally managed during the current owner’s possession.
Showings coordinated with listing agent for approved buyers only. Please do not disturb tenants.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
17,190 SF
Building Class
B
Year Built
1996
Price
$5,950,000
Price Per SF
$346.13
Cap Rate
5.30%
NOI
$315,350
Percent Leased
76%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,595 SF
Building FAR
0.38
Lot Size
1.04 AC
Zoning
MU - Mixed Urban
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Suite C is a second floor suite with elevator access. It has 6 offices, 13 built-in work stations plus a reception area and a large conference room and break room. Restrooms are shared by the same floor tenants and are accessed through a common hallway. A beautiful two-story entry lobby creates a sense of grandeur.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste C | 4,133 SF | Office | - | Now |
2nd Fl-Ste C
| Size |
| 4,133 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 1
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 184296 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,882,830 |
CONTACT
-
Karen Koppel -
Aligned Commercial Real Estate
