BEND, OR, January 17, 2017 – Compass Commercial Real Estate Services is pleased to announce that it has exclusively listed for sale the building at 20735 High Desert Lane in Bend. The property is 100% leased by Columbia Distributing, who has occupied the building since 2008. This is an investment opportunity with a single tenant and an existing NNN lease. A new 15-year lease was executed in 2008. The cap rate is 7.15%.
The two-story building is 106,773 sq. ft. on 7.74 acres. The building was built in 2002. Located in the Brinson Industrial Park, the building is anything but a typical industrial building. It is a Class “A” warehouse/distribution with extensive, customized office build out, high-end cooling, drive through access, and dock-high and ground level loading capabilities.
This unique offering provides the opportunity to acquire a high-quality asset 100% leased to one of the country’s largest and longest standing beer and wine distributors with strongholds in Oregon, Washington and California. View the listing and video to learn more.