Owner-User - 20% Ownership Opportunity

Office
·
For Sale
|
395 SW Bluff Dr. Ste. 50
|
Bend
Offered at
$2,000,000

Executive Summary

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.

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
29,000 SF
Building Class:
Building Height
Year Built
2003
Price
$2,000,000
Rental Rate
Price Per Unit
Price Per SF
$68.97
Cap Rate
Term
No. of Units
No. of Stories
Lot Size
1.58 AC
Zoning
MR (Mixed Riverfront)
Parking
117 Spaces
Construction Status

Amenities

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