499 SW Upper Terrace Drive, Bend

499 SW Upper Terrace Drive, Bend

• 100% Net Leased Investment with two long term tenants in place
• 3% annual rent income escalators
• Well-constructed NNN lease agreements
• This opportunity presents the investor with a true Net Leased Investment with minimal overhead in the most in demand location in Bend, Oregon

• Located in the center of the Old Mill District in Bend, Oregon, this 100% net leased office building is an excellent long term investment
• High quality construction in excellent condition.
• Beautifully landscaped
• Views of the Cascade Mountain Range
• Excellent parking
• Perfectly located in walking distance to the Deschutes River Trail, Shops in the Old Mill and dozens of professional buildings
• Easy access to Highway 97 Northbound and Southbound on ramps.

Contact listing broker Brian Fratzke for more information.

Property Details

Sale Price $2,922,000
499 SW Upper Terrace Drive
Bend, OR 97702

Property Type: Office
Building Square Feet: 7,589 +/-
CAP Rate: 5
Occupancy: 100% leased
Lease Type: NNN
Lot Size: 0.70 Acres
Year Built: 1999
Zoning: MR
Procurement Fee / Broker Commission: 2%

Status: Active