395 SW Bluff Dr - Office FOR SALE


Bend, OR 97702
$2,000,000 USD
541-213-8967
395 SW Bluff Dr, Bend, OR for Sale
$2,000,000 USD
Office - FOR SALE
1/32
null | Request Cap Rate

395 SW Bluff Dr
Bend, OR 97702


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Owner-User - 20% Ownership Opportunity

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

MR (Mixed Riverfront)

APN/PARCEL ID

197458

ASK ABOUT THIS PROPERTY

Ryan AmerongenRE/MAX Key PropertiesMore Info
541-213-8967

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Ryan AmerongenRE/MAX Key PropertiesMore Info
541-213-8967

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.