90 SE Bridgeford Blvd - Warehouse FOR SALE


Bend, OR 97702- Larkspur
$2,652,000 USD
541-480-8884
90 SE Bridgeford Blvd, Bend, OR for Sale
$2,652,000 USD
Warehouse - FOR SALE
1/13
null | 5.8% Cap Rate

90 SE Bridgeford Blvd
Bend, OR 97702
Larkspur


HIGHLIGHTS

  • Long-Term NNN Lease
  • Reputable Franchise Tenant
  • Prime Bend Location
  • Well-Built Facility
  • Major System Upgrades
  • Energy Efficient Lighting

OVERVIEW

This property presents an exceptional investment opportunity through a fully occupied sale-leaseback arrangement, offering a 5.8% cap rate and scheduled 3% annual increases. The asset is secured by a long-term, eight-year NNN lease with ServPro of Bend, a locally owned and operated disaster restoration franchise with a solid reputation and a thriving, largely recession-proof business model. The 11,000 SF, well-constructed masonry industrial building is thoughtfully designed, featuring a ground floor with six heated bays, each equipped with overhead doors and bathrooms. Recent upgrades include the replacement of all overhead gas heaters and thermostats in 2023, a complete conversion to energy-efficient LED lighting, and a brand-new roof installed the same year. The second floor offers approximately 2,000 square feet of well-appointed office space, complementing the functional layout. The property also provides excellent parking with 17 spaces, easy access for both employees and clients, and a small fenced storage yard for additional utility. With a high-quality structure, strong tenant stability, and minimal landlord responsibilities inherent in the NNN lease, this asset offers a secure and attractive return for any investor.

FOR SALE DETAILS

PRICE

$2,652,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52

LAND SF

22,651

ZONING

IG

APN/PARCEL ID

161881

ASK ABOUT THIS PROPERTY

Ron RossCompass Commercial Real Estate ServicesMore Info
541-480-8884

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

Ron RossCompass Commercial Real Estate ServicesMore Info
541-480-8884

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