Bend, OR 97703
$6,112,000
Property Type:
Commercial Sale
Square Footage:
54,508
Lot Size (sq. ft.):
245,243
Status:
Closed
Current Price:
$6,112,000
List Date:
4/24/2018
Last Modified:
2/10/2026
Description
Building totals 53,877 square feet of rentable area with 37 suites and has Hwy 97 frontage. Block construction with framed frontage allows a variety of uses. Single entry fronts with several suits have double door entry and/or roll up doors to the back parking area.
Supplements: ********
More Information MLS# 201803804
Location, Tax, and Legal
Cross Street: Empire
Section: NW
Parcel Number: 118147
Tax Map Number: 171220
Tax Lot: 1
Tax Block: 1
Lot Size Acres: 5.63
Lot Size Square Feet: 245243
Currently Not Used
List Price per SqFt: 124.7523
General Property Information
Building Area Total: 54508
Building Area Source: Assessor
New Construction YN: No
Zoning: Mixed Employmen
Tax Annual Amount: 67164.54
Tax Year: 2017
CC&R's YN: No
Preferred Escrow Company & Officer: First American
Sign On Property YN: Yes
Year Built: 1981
Remarks and Miscellaneous
Public Remarks: Building totals 53,877 square feet of rentable area with 37 suites and has Hwy 97 frontage. Block construction with framed frontage allows a variety of uses. Single entry fronts with several suits have double door entry and/or roll up doors to the back parking area.
Status Change Information
Sold Price per SqFt: 112.1303
Close Date: 2018-10-05
Under Contract Date: 2018-06-15
Status Change Timestamp: 2018-10-08
Close Price: 6112000
Business Type (AKA Sub Type)
Income/Investment: 1
Medical: 1
Other: 1
Income and Expenses (Annual Amounts)
Cap Rate %: 7.64
Estimated Gross Operating Income $: 745460
Estimated Total Expenses: 225889
Management Expenses: 29818
Net Operating Income: 519571
Vacancy %: 5
Cooling
Central Air: 1
Heat Pump: 1
Construction Materials
Block: 1
Brick: 1
Frame: 1
Miscellaneous Information
Confidentiality/Non-Disclosure Agreement: No
Overhead/Dock Doors: 1
# Overhead/Dock Doors: 15
Backup Package Available: Yes
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Listing Terms
Cash: 1
Foundation Details
Stemwall: 1
Heating
Forced Air: 1
Heat Pump: 1
Natural Gas: 1
Levels
One: 1
Lot Features
Landscaped: 1
Unit 1
Status: Leased
Existing Lease Type
Gross: 1
NNN: 1
Tenant Pays
Common Area Maintenance: 1
Electricity: 1
Gas: 1
Insurance: 1
Interior Maintenance: 1
Sewer: 1
Taxes: 1
Water: 1
Parking Features
Asphalt: 1
Parking Lot: 1
Sewer
Public Sewer: 1
Water Source
Backflow Domestic: 1
Public: 1
Parking Details
Parking: Yes
# of Parking Spaces: 210
Location Tax and Legal
County: Deschutes
State: OR
Postal Code: 97703
Subdivision Name: North
Contract Information
Original List Price: 6800000
Current Price: $6,112,000
Status: Closed
Sold Price: $6,112,000
Listing Contract Date: 2018-04-12
Property Features
Construction Materials: Block; Brick; Frame
Cooling: Central Air; Heat Pump
Flooring: Carpet; Tile; Vinyl
Foundation Details: Stemwall
Heating: Forced Air; Heat Pump; Natural Gas
Levels: One
Existing Lease Type: Gross; NNN
Business Type (AKA Sub Type): Income/Investment; Medical; Other
Tenant Pays: Common Area Maintenance; Electricity; Gas; Insurance; Interior Maintenance; Sewer; Taxes; Water
Lot Features: Landscaped
Miscellaneous Information: Overhead/Dock Doors
Parking Features: Asphalt; Parking Lot
Sewer: Public Sewer
Water Source: Backflow Domestic; Public
Listing Terms: Cash
Listing Office:
Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.