Ron Ross, CCIM and Terry O’Neil, CCIM of Compass Commercial Real Estate Services represented buyer Rockridge Investments, LLC in the purchase of industrial property located at 687 SE Glenwood Drive in Bend. The property consists of four industrial buildings totaling 26,746 square feet on 5.01 acres, consisting of 7 tax lots, and is occupied by multiple long term tenants. The purchase price was $2,950,000.
“Our clients Steve and Maria Whitrock saw long term potential in this property as well as potential for some value add. Additionally, the property is located in an Opportunity Zone that will provide some tax benefits as they redevelop parts of the property,” Ross said.
If you have questions about this transaction, please contact Ron Ross or Terry O’Neil of Compass Commercial Real Estate Services at 541.383.2444.