For Sale
$5,950,000

296 Columbia St Bend, OR 97702

Prime Bend location, 100% occupied, strong cash flow.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional Class A, two-story office building at 296 SW Columbia St, Bend, Oregon, presents a compelling investment opportunity. The 17,000 square foot (15,968 net rentable) property, built in 1996 with varied renovations, is situated on a 1.04-acre lot in the heart of Bend, boasting a high-traffic location near the Old Mill District. Currently 100% occupied by six tenants with a mix of medical and office uses, the building features a grand two-story lobby and shared restrooms on each floor. The Net Lease (NNN) investment offers a 4.90% cap rate with an asking price of $5,950,000 ($350/sq ft). Annual rent bumps of 3% are in place, and most tenants have renewal options. The property includes ample parking (3.2 spaces per 1,000 sq ft) and is zoned MU. This multi-tenant building provides a stable income stream and significant upside potential due to its prime location and strong tenant base. Financial details are available upon request with a non-disclosure agreement. This is a rare opportunity to acquire a high-quality, fully occupied office building in a thriving Oregon market.

Highlights

  • $5,950,000 asking price for a Class A, 17,000 square foot office building.
  • Net lease investment opportunity with a 4.90% cap rate.
  • 100% occupancy with six tenants in a multi-tenant building.
  • Located at 296 SW Columbia St, Bend, OR 97702, on a 1.04-acre lot.
  • Features 15,968 square feet of net rentable space, with 3.2 parking spaces per 1,000 square feet.
  • Built in 1996, with varying renovation years; includes annual 3% rent bumps and lease renewal options for most tenants.

Property Details for 296 Columbia St

Property type
Office properties
Square Feet
17,000 SF
Class
A
Year Built
1996
Buildings
1
Stories
2
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Bend
County
Deschutes
State
Oregon
Latitude
44.048123018658
Longitude
-121.3266916907

FAQs

What type of property is this?
Office property - Prime Bend location, 100% occupied, strong cash flow.
Where is the office property located?
The property is located at 296 Columbia St Bend, OR.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: $5,950,000 asking price for a Class A, 17,000 square foot office building.; Net lease investment opportunity with a 4.90% cap rate.; 100% occupancy with six tenants in a multi-tenant building.
How can I contact the broker?
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296 Columbia St
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