for sale · profile population 86,470 median age 40.8 years labor force 39,246 avg. home price...
TRANSCRIPT
FOR SALE
Net Leased Investment
Old Mill District
Bend, Oregon
JD Ponciano+1 541 797 3559
Walt Ramage+1 541 771 8260
1
549 SW Mill View Way, Suite 100
Bend OR 97702
+1 541 706 9370
NAIcascade.com
▪ Located in the heart of the Old Mill District.
▪ Well Established Tenant (in Bend for over 85
years) will execute a 10-year lease with three
5- year options to renew at close of escrow.
▪ Excellent views of the Old Mill with easy
access to downtown and Highway 97.
▪ Surrounded by a variety of class A offices, a
new Marriott Springhill Hotel and a variety of
other commercial uses. Near the Les Schwab
Amphitheater.
▪ Close proximity to the new 4 year Oregon
State University - Cascade Campus. See page 5
for additional details on University.
Property Features & Location
COCCCampus Village
Price $4,250,000 (5.09 CAP based on $1.85/sf/Mo. NNN)
Address 591 SW Mill View Way
Property Type Commercial Office Building
Map & Tax Lot 181205BA01200
Zoning MR
Building Size 9,742 SF
Land Area 0.84 Acres
Net Leased
Investment
Opportunity
Subject
2
Crane Shed Commons
549 SW Mill View Way, Suite 100
Bend OR 97702
+1 541 706 9370
NAIcascade.com
COCCCampus Village
Ariel Map
3
549 SW Mill View Way, Suite 100
Bend OR 97702
+1 541 706 9370
NAIcascade.com
Property Photos
North View- OSU-Cascades Campus
Main Conference Room
Main Lobby
Property Photos
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Main Lobby
549 SW Mill View Way, Suite 100
Bend OR 97702
+1 541 706 9370
NAIcascade.com
COCCCampus Village
COCCCampus Village
OSU– Cascades
Campus Facts
Source: OSU Cascades. February 21 , 2017 Presentation: Preferred Campus Plan
FOR ADDITIONAL OSU INFORMATION VISIT
http://osucascades.eduSource: 2/21/2017 Presentation: Preferred Campus Plans
5
549 SW Mill View Way, Suite 100
Bend OR 97702
+1 541 706 9370
NAIcascade.com
COCC Campus Village255 NW Campus Village
Bend, Oregon
Profile
Population 86,470
Median Age 40.8 years
Labor Force 39,246
Avg. Home Price $317,735
Avg. Household Income $73.396
Median Household Income $52,851
Total Households 35,588
Total Housing Units 40,503
Bend’s EconomyBend’s economy is defined by dynamism, entrepreneurship, and diverse businesses that span
many sectors. Manufacturing, long the region’s economic core, now shares the limelight with
software and high tech, craft brewing, bioscience, recreational products, aviation-related
enterprises, distilling operations, food production, and, of course, tourism. Add in Bend’s skilled
workforce, attractive incentive packages, competitive tax environment, robust infrastructure and
you’ve got unrivaled quality of life and business opportunity. As a result, Bend-Redmond ranked
8th on the Milken Institute’s 2015 list of Best Performing Small Cities.
Urban Growth Boundary (UGB)As of November 15, 2016, the City and State have approved Bend’s Urban Growth Boundary
(UGB) expansion process that will bring approximately 2,380 acres of land to the City of Bend
for employment and housing.
Entrepreneurial LandscapeIn December 2015, Bend-Redmond climbed 38 spots to finish in eighth place on the Milken
Institute’s list of Best Performing Small Cities. Led by its vibrant tourism industry, Bend finished
third among small metros in one-year job growth ending in 2014, outpacing the national average
by 4 percentage points during that period. More recent job momentum points to an expanding
economy, with the metro recording the third-fastest overall job gains in the nation over the 12
months ending in August 2015. (Source: Milken Institute). The next highest-ranking Oregon
small metro was Medford at 28th.
The Lifestyle City Cultivating Tomorrow’s EconomyAs Oregon’s largest city east of the Cascade Mountains, Bend is the commercial, recreational,
and innovation center of Central Oregon. Renowned for its scenic setting and year-round
recreational activities, the city is rapidly becoming known for its growing economy and
entrepreneurial spirit. Bend’s expanding industries include software and high tech, bioscience,
outdoor recreation products, aviation, manufacturing, craft brewing and distilling.
Source: EDCO (Economic Development of Central Oregon) | https://edcoinfo.com
BEND | OREGON
QUICK FACTS | 5 Mile Radius
Bend, OR Notable Links:
• Shops at the Old Mill District: https://www.theoldmill.com/shopping-bend-oregon/
• Bend, Ore., Heads The Best Small Cities For Business And Careers 2016 - Forbes Magazine: https://www.forbes.com/sites/kurtbadenhausen/2016/10/19/bend-ore-heads-the-best-small-cities-for-business-and-careers-2016/#220b1e07d0e0
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549 SW Mill View Way, Suite 100
Bend OR 97702
+1 541 706 9370
NAIcascade.com
COCC Campus Village255 NW Campus Village WayBend, Oregon (Deschutes County)
COCCCampus Village
NAI Cascade is the market-leading commercial real estate brokerage
company providing exceptional service and expertise in Central Oregon. We
work with clients who have multifaceted needs and value our expertise,
creativity, and responsiveness. Our clients count on us to tell them what they
need to know not what they hope to hear. We are honored by the trust they
place in us year after year.
Being a member of the NAI Global network keeps us on the cutting edge of
real estate and provides worldwide opportunities for our clients. Our strong
ties to our local community and our global reach provide a holistic
understanding of business cultures and economic environments.
Experience innovative commercial real estate solutions through consulting,
investment sales, leasing, and opinions of value, without pretense.
Experience NAI Cascade.
NAI Cascade Commercial | Local Knowledge. Global Reach.
This Flyer has been prepared by NAI Cascade for use by the principal (“Principal”) to whom NAI Cascade has provided this document. The use of this Flyer and the
information provided herein is subject to the terms, provisions and limitations of the Confidentiality Agreement furnished by Broker and executed by Principal prior to
delivery of this Flyer. Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf,
and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies,
representations and warranties (expressed or implied) contained in, or omitted from, the Flyer or any other written or oral communication or information transmitted or
made available to the recipient of this Flyer. In amplification of and without limiting the foregoing, summaries contained herein of any legal or other documents are not
intended to be comprehensive statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein, and no
representations or warranties are made as to the completeness and/or accuracy of the projections contained herein.
Prospective purchasers of the Property should make their own investigations and conclusions without reliance upon this Flyer, the information contained herein or
any other written or oral communication or information transmitted or made available. Additional information and an opportunity to inspect the Property will be made
available upon written request by interested and qualified prospective purchasers.
Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw the Property from being marketed for purchase at any time and
for any reason. Owner and Broker each expressly reserves the right, exercisable in their sole and absolute discretion, to reject any and all expressions of interest or
offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations
or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any entity reviewing this Flyer or making an offer to purchase the
Property unless and until a written agreement for the purchase of the Property has been fully executed, delivered and approved by Owner and the other party thereto
and any conditions to Owner’s obligations hereunder have been satisfied or waived. This is a Non-Exclusive Listing.
COCCCampus Village
Disclaimer
Walt Ramage+1 541 771 8260
JD Ponciano+1 541 797 3559
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