Owner-User - 20% Ownership Opportunity 395 SW Bluff Dr

29,000 SF Office Building Bend, OR 97702 $2,000,000 ($68.97/SF)

INVESTMENT HIGHLIGHTS

  • Class A office space in the Old Mill District
  • Direct access to shops, restaurants, and the River Trail
  • Flexibility to demise the suite and adjust ownership %
  • Cascade Mountain Views
  • Private bottom level with elevator access

EXECUTIVE SUMMARY

This unique opportunity allows an owner-user to acquire up to 20% ownership in the building while leasing back up to 8,644 SF of premium office space. Take advantage of tax benefits such as interest deductions, a completed cost segregation study, and potential bonus depreciation to help offset build-out and relocation costs. In today’s low-inventory market—where high construction costs make new development challenging—this is a rare chance to occupy Class A office space while benefiting from immediate cash flow of the building. Additionally, the owners have secured a below-market interest rate. Buyer to come in with approximately 30% down. The rate for the leaseback will be $1.60/sf/month NNN assuming no TI contributions from the current owners.
The move-in-ready suite offers Cascade mountain views and easy access to the Old Mill District’s restaurants, shops, and the Deschutes River Trail. The space features six private offices, a large conference room, a spacious kitchen and break area, a dedicated fitness room with a private restroom and shower, and access to shared restrooms and an elevator. Potential to demise the suite or add additional square feet as needed.

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

PROPERTY FACTS

Sale Type
Owner User
Property Type
Office
Building Size
29,000 SF
Building Class
A
Year Built
2003
Price
$2,000,000
Price Per SF
$68.97
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,409 SF
Building FAR
0.42
Lot Size
1.58 AC
Opportunity Zone
Yes
Zoning
MR (Mixed Riverfront)
Parking
117 Spaces (5.62 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 50
  • 2,500-8,644 SF
  • Office
  • Full Build-Out
  • 30 Days
Space Size Space Use Condition Available
1st Fl-Ste 50 2,500-8,644 SF Office Full Build-Out 30 Days

1st Fl-Ste 50

Size
2,500-8,644 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (78)

PROPERTY TAXES

  • Listing ID: 34715963

  • Date on Market: 2/4/2025

  • Last Updated:

  • Address: 395 SW Bluff Dr, Bend, OR 97702