296 Columbia St Bend, OR 97702
Call to check price and availability
Prime Bend location, 100% occupied, strong cash flow.
Property size:
17,000 SFProperty Features for 296 Columbia St
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 17,000 SF
- Class
- A
- Lot Size
- 45,302 SF
Building Details
- Year Built
- 1996
- Buildings
- 1
- Stories
- 2
Listing Agent: Karen Koppel, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Drishti Bend
Crisis Center
Express Employment Professionals
Employment Agency
Greg O’Neill
Law Firm
Beecher Carlson Insurance ...
Insurance Agency
Brooks Building LLC
Construction Company
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.3266916907
- Latitude
- 44.048123018658
Nearby Similar for Sale
FAQs
What type of property is this?
Office Property / Space - Prime Bend location, 100% occupied, strong cash flow.
Where is this office property / space 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.
