This exceptional sublease opportunity presents a 33,725-square-foot warehouse situated on a 2.99-acre lot in Deschutes County, Redmond. The property boasts a single-tenant occupancy within a complex of three buildings, offering convenient access to Highway 97 via Veterans Way. The warehouse features a combination of grade-level and dock-high loading bays, ensuring efficient material handling. Power is provided by a robust 1200v 3-phase electrical system, suitable for a variety of industrial uses. The property includes extensively upgraded office and warehouse spaces, creating a highly desirable and functional work environment. Beyond the main building, a gated yard provides ample secure outdoor storage for vehicles and equipment. This is an ideal location for businesses seeking a well-maintained, spacious, and strategically located warehouse facility. The property is classified as Industrial and Land, with Commercial subtype. The total building area encompasses 33,725 square feet, distributed across one suite. This sublease presents a rare chance to secure a high-quality industrial space in a thriving location. Contact us today to arrange a viewing and explore the possibilities.

Property type Manufacturing properties

Use group MANUFACTURING (LIGHT)

Year built 1988

Total area 16,350 SF

Lot 2.99 ac (130,244 SF)

APN 151316 DD 00107

UPID US71-1009836

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

1266 Lk Rd Redmond, OR 97756-8611

Redmond metro Census 901 BEND, OR METROPOLITAN STATISTICAL AREA

Google Maps

AI Approach AI

by Request

CAP Approach CAP

$2.33M

Comparable Approach Comparable

$3.10M

Blend (final) Blend

$3.55M

since 2021

Last sale

$3.6M

2 recorded transactions

2021

$3.6M

2020

Price N/A

Top alternative use upside

Retail stores $5.3M +110.9%

Medical building $5.2M +106.1%

Office building $4.5M +76.5%

Comparables

6 recent transactions · within 1.5 mi

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Value Estimation by Request
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