Free-Standing Two-Tenant Office Investment 345 SE 3rd St 8,837 SF 100% Leased Office Building Bend, OR 97702 $4,200,000 ($475.27/SF) 6.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Multiple upgrades in the last year
- Two-tenant office investment
EXECUTIVE SUMMARY
Tenants include Capstone Accounting & Tax and AGP Wealth Advisors.
Current ownership completed multiple repairs and upgrades within the last year which include roof, gutter and stucco repairs as well as new interior carpet, paint and multiple windows.
Excellent visibility: Approximately 200 linear feet frontage along SE 3rd Street corridor with large, illuminated monument sign.
Capstone Accounting & Tax is the anchor tenant occupying 93% of the building on a NNN lease. AGP Wealth Advisors leases multiple offices and some shared space on a gross lease.
Contact Listing Broker for NDA to review APOD.
Current ownership completed multiple repairs and upgrades within the last year which include roof, gutter and stucco repairs as well as new interior carpet, paint and multiple windows.
Excellent visibility: Approximately 200 linear feet frontage along SE 3rd Street corridor with large, illuminated monument sign.
Capstone Accounting & Tax is the anchor tenant occupying 93% of the building on a NNN lease. AGP Wealth Advisors leases multiple offices and some shared space on a gross lease.
Contact Listing Broker for NDA to review APOD.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
8,837 SF
Building Class
B
Year Built
2000
Price
$4,200,000
Price Per SF
$475.27
Cap Rate
6.30%
NOI
$264,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,419 SF
Building FAR
0.37
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
CL - Commercial Limited
Parking
24 Spaces (2.72 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $52,050 | Total Assessment | $1,711,700 |
