63051 Corporate Pl
Bend, OR 97701
Industrial Property For Sale

Excellent owner/user opportunity to purchase a 25,000 square foot industrial building and occupy up to 10,000 – 20,000 SF. The building can be demised into 5,000 – 10,000 sf increments. Precision Countertops currently leases the 5,000 SF on the east side of the building and they’ve been tenants in the building since 2004. They have several renewal options. 10,000 SF is currently under negotiation but at this point no lease has been executed. The building currently features an oversized below ground loading dock with leveler, twelve 14ft grade level roll up doors, 1000 amp service distributed to four 225amp subpanels, eight reznor heaters, a showroom, two offices, a breakroom, two oversized ADA bathrooms (one accessible from the office and one from the warehouse) and a utility closet. The height of the warehouse ceiling at the peak is 22 feet and at the eve it 16 ft. The building has an occupancy permit for a warehouse and office use. This would also be a solid investment opportunity. If the building was leased for .75/sf/mo. NNN and a standard 5% vacancy and 2% replacement reserve is applied a NOI of $209,475 is the result. At $3.8M sales price this represents a cap rate of 5.5%. 10,000 SF is currently listed for lease in the building on a separate listing which you can access here. https://www.loopnet.com/Listing/63051-Corporate-Pl-Bend-OR/15629994/ Conveniently located right off of the Empire Ave fronting the parkway. Great for north and southbound truck access.