1560 NE 1st St - Warehouse FOR SALE


Bend, OR 97701- Orchard District
$2,550,000 USD
541-771-2020
1560 NE 1st St, Bend, OR for Sale
$2,550,000 USD
Warehouse - FOR SALE
1/14
null | 6.56% Cap Rate

1560 NE 1st St
Bend, OR 97701
Orchard District


HIGHLIGHTS

  • Fully leased 14-suite industrial investment with a proven history of strong occupancy and stable in-place income.
  • Small-bay suite configuration with eight 1,200 SF units and six 1,340 SF units supports a diverse tenant base.
  • Mixed Employment (ME) zoning accommodates a variety of industrial and employment-oriented business uses.
  • Central Bend location with convenient access to Business Highway 97, the Bend Parkway, downtown, and Highway 20.
  • 17,640 SF industrial building on a 0.91-acre site with 25 onsite parking spaces for tenants and visitors.
  • 100 amp electrical service in every suite provides reliable power for a wide range of light industrial operations.

OVERVIEW

1560 NE 1st Street offers the opportunity to acquire a well-established, multi-tenant industrial investment in Bend’s Midtown commercial district. Priced at just $144.56 per square foot, the property represents exceptional value for a fully leased industrial asset in Bend. The building includes 14 industrial suites totaling approximately 17,640 square feet, with eight 1,200-square-foot units and six 1,340-square-foot units. This small-bay configuration supports a diverse tenant mix and has historically maintained very low vacancy. The property is fully leased and currently generates $18,373 in gross monthly rental income. At a 6.56% capitalization rate, the asset provides immediate cash flow with additional value-add potential through professional property management, strategic renewals, and adjustments toward current market rents. Located near Business Highway 97, the Bend Parkway, and downtown Bend, the property offers convenient access for tenants, employees, and customers. Its central location, proven occupancy history, and functional suite sizes make 1560 NE 1st Street a compelling industrial investment with stable in-place income and potential for future NOI growth.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

6.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Industrial Investment Property

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

14

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.91

LAND SF

39,640

ZONING

ME

APN/PARCEL ID

103179

ASK ABOUT THIS PROPERTY

Robert Raimondi, CCIMCompass Commercial Real Estate ServicesMore Info
541-771-2020

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Robert Raimondi, CCIMCompass Commercial Real Estate ServicesMore Info
541-771-2020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.