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1560 1st ST Bend, OR 97701
17,640 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,640 sqft
Price per Sqft $144
MLS Listing ID 220225719
Year Built 1974
Annual Tax Amount $12,497
Lot Size 0.910 Acres
Acres 0.91
Lot Dimensions 0.91
Property Description
1560 NE 1st Street offers the opportunity to acquire a well-established, multi-tenant industrial investment in Bend's Midtown commercial district. Priced at just $144.56 per square foot, the property represents exceptional value for a fully leased industrial asset in Bend. The building includes 14 industrial suites totaling approximately 17,640 square feet, with eight 1,200-square-foot units and six 1,340-square-foot units. This small-bay configuration supports a diverse tenant mix and has historically maintained very low vacancy.
The property is fully leased and currently generates $18,373 in gross monthly rental income. At a 6.56% capitalization rate, the asset provides immediate cash flow with additional value-add potential through professional property management, strategic renewals, and adjustments toward current market rents.
The property is fully leased and currently generates $18,373 in gross monthly rental income. At a 6.56% capitalization rate, the asset provides immediate cash flow with additional value-add potential through professional property management, strategic renewals, and adjustments toward current market rents.
Location
State OR
County Deschutes
Interior
Heating Zoned
Cooling Zoned
Exterior
Parking Features Asphalt
Roof Type Membrane
Building
Foundation Slab
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 103179
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Compass Commercial Real Estate
Nearby Locations