This prime industrial property in Bend offers a strong investment opportunity with long-term stability. The 22,567 SF building sits on 1.60 acres in the ME Zone, allowing for diverse uses. Located at the north end of Bend, it provides easy access to major highways. Built in 1997, the property features a fenced yard and an efficient layout.
Now in year seven of a 15-year lease, the property is occupied by Zamp Solar, a leading provider of RV solar charging solutions. The lease includes 2% annual escalations and two 10-year renewal options, ensuring steady income growth. Zamp Solar, a subsidiary of Dometic Mobile Power Solutions, specializes in portable and mountable solar charging systems for RVs and off-grid power. Their strong market presence ensures a reliable tenant with a corporate guarantee. Seller financing or owner occupancy may be available.
A new buyer has the flexibility to retain the existing tenant and lease out the fenced yard, achieving a pro forma cap rate of 5.39%. Alternatively, the buyer can pursue current market rents for both the 22,567 SF building and the fenced yard, which would generate projected annual income of $257,264 NNN for the building and $30,000 MG for the yard—resulting in a pro forma cap rate of 6.54%. The property is also well-suited for owner-user occupancy, offering strategic value and versatility.
With its central location, secure lease, and strong tenant, this property is a high-value investment with stable income and future growth potential.