1155 N Main Street, Prineville, OR 97754
$6,275,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
3,571,920
Status:
Closed
Current Price:
$6,275,000
List Date:
3/07/2016
Last Modified:
2/10/2026
Description
This is a great long term investment opportunity with a large manufacturing facility in Prineville Oregon. Contact Industries, which has been in business for over 70 years, recently executed a 20 year absolute NNN lease on this 82 acre complex with approximately 555,000 square feet under roof. Contact Industries is currently paying $480,000 annually and there are annual escalations ranging from 2-3%. The facility was built in 1955 and was extensively remodeled from 1998 to 2008.
Supplements: ********
More Information MLS# 201601734
Location, Tax, and Legal
Cross Street: Lamonta
Section: NW
Parcel Number: 007086
Tax Map Number: 161634DA
Tax Lot: 0
Tax Block: 0
Lot Size Acres: 82
Lot Size Square Feet: 3571920
General Property Information
Building Area Source: Assessor
Zoning: M2 and HM
Tax Annual Amount: 221987.95
Tax Year: 2015
CC&R's YN: No
Sign On Property YN: No
Remarks and Miscellaneous
Public Remarks: This is a great long term investment opportunity with a large manufacturing facility in Prineville Oregon. Contact Industries, which has been in business for over 70 years, recently executed a 20 year absolute NNN lease on this 82 acre complex with approximately 555,000 square feet under roof. Contact Industries is currently paying $480,000 annually and there are annual escalations ranging from 2-3%. The facility was built in 1955 and was extensively remodeled from 1998 to 2008.
Business Type (AKA Sub Type)
Income/Investment: 1
Other: 1
Income and Expenses (Annual Amounts)
Cap Rate %: 6.99
Estimated Gross Operating Income $: 480000
Miscellaneous Information
Confidentiality/Non-Disclosure Agreement: Yes
Backup Package Available: No
Flooring
Concrete: 1
Listing Terms
Cash: 1
Foundation Details
Slab: 1
Heating
Natural Gas: 1
Roof
Metal: 1
Unit 1
Tenant Name: Contact Industries
Square Footage: 555000
Monthly Rent: 480000
Rent Escalators: Yes
Option to Extend: Yes
Status: Leased
Existing Lease Type
NNN: 1
Tenant Pays
Other: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Parking Details
Parking: Yes
Location Tax and Legal
Street Number: 1155
Street Dir Prefix: N
Street Name: Main
Street Suffix: Street
County: Crook
State: OR
Postal Code: 97754
Subdivision Name: Prineville
Contract Information
Original List Price: 6875000
Current Price: $6,275,000
Status: Closed
Sold Price: $6,275,000
Listing Contract Date: 2016-03-03
Status Change Information
Close Date: 2016-09-21
Under Contract Date: 2016-07-18
Status Change Timestamp: 2016-09-22
Close Price: 6275000
Property Features
Flooring: Concrete
Foundation Details: Slab
Heating: Natural Gas
Roof: Metal
Existing Lease Type: NNN
Business Type (AKA Sub Type): Income/Investment; Other
Tenant Pays: Other
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash
Listing Office:
Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.