BEND, OR – Compass Commercial Real Estate Services is pleased to announce a selection of commercial real estate transactions recently closed by the firm.
Crane Shed, LLC sold a 2-acre MR zoned parcel located at 721 SW Industrial Way in Bend to Billings Development Group, LLC. Compass Commercial brokers, Erich Schultz, SIOR and Jay Lyons, CCIM represented the seller, and Stephen Toomey, CCIM represented the buyer. Construction has begun in the development of a Springhill Suites hotel on the site. The value of the transaction was not disclosed.
CPC Properties, LLC sold a 20,500 sq. ft. industrial property situated on 1.97 acres at 20554 Builders Court in Bend to BFB Group, LLC. Compass Commercial brokers Howard Friedman, CCIM, Erich Schultz, SIOR and Jay Lyons, CCIM represented the seller. The transaction closed at $1,700,000.
Lynn F. Edwards Rev. Trust sold 10 condo units totaling 5,320 square feet situated on a 1.30 acre lot at 1302 NW Knoxville Blvd. in Bend to Sundog Holdings, LLC. Compass Commercial broker, Dan Kemp represented the buyer. The transaction value was $1,275,000.
A Private Trust sold three retail parcels totaling 30,800 square feet at 1203, 1225 and 1233 NE Third Street to Oakmont REI, LLC for an undisclosed value. Compass Commercial brokers, Howard Friedman, CCIM and Herb Arathoon, CPM® represented the seller, and Joel Thomas and Pat Kesgard, CCIM represented the buyer.
Fortuna Land & Trade, LLC sold a 12,090 square foot building located at 641 SW Umatilla Avenue in Redmond to Roman Catholic Bishop of DOB. Compass Commercial brokers, Pat Kesgard, CCIM and Joel Thomas represented both the seller and buyer in the sale transaction valued at $1,200,000.
Backsen Enterprises, Inc. sold a 7,200 square foot industrial building situated on 1.16-acres at 63353 Nels Anderson Road in Bend to SDP Development, LLC for a transaction value of $650,000. Erich Schultz, SIOR and Jay Lyons, CCIM of Compass Commercial represented the seller.
Aero Facilities, LLC sold two build-to-suit hangar properties at the Bend Airport located at 63205 Gibson Air Road for a combined value of $555,000. Richard A. and Sarah A. Mayes purchased a 4,200 square foot hangar (unit # 49) for $325,000 and in a separate transaction, Silvano Gai Trust purchased 3,300 square feet (units 52-60) for $230,000. Compass Commercial broker Robert Raimondi, CCIM represented Aero Facilities, LLC and Silvano Gai Trust; Josh Hanson with Strategic Realty, LLC represented the Mayes Family.
Erich Schultz, SIOR and Jay Lyons, CCIM of Compass Commercial represented Kirk Reynolds in the sale of 43,560 square feet of land located at 154 W. Adams Avenue in Sisters to Paul Pinion and Jill Eby. The transaction was valued at $475,000.
Compass Commercial brokers, Erich Schultz, SIOR, Jay Lyons, CCIM and Graham Dent represented the lessor, Property Systems, Inc., and Dan Kemp represented the lessee, Back in Action Fitness in the lease of 4,246 square feet of retail space located at 1310 SE Reed Market Road in Bend. The tenant is relocating and expanding its fitness equipment sales and repair business.
Century Park, LLC leased 1,784 square feet of retail space located at 320 SW Century Drive in Bend to The UPS Store. Erich Schultz, SIOR and Jay Lyons, CCIM with Compass Commercial represented the lessor in the lease negotiation.
Rio Claro, LLC leased a 2,077 square foot office located at 150 NW Pacific Park Lane in Bend to the State of Oregon DOJ. Compass Commercial brokers, Howard Friedman, CCIM and Krista Polvi, CPM® represented the lessor in the lease negotiation.
Compass Commercial brokers, Ron Ross, CCIM and Terry O’Neil represented the tenant, Philip H. Garrow, LLC in the lease of 2,261 square feet of office space at 250 NW Franklin Avenue, Suite 303 in Bend from Alexander Drake Building Associates.
About Compass Commercial Real Estate Services
With integrated services in brokerage sales, leasing, asset and property management and construction services, Compass Commercial helps buyers, sellers, landlords and tenants achieve their unique commercial real estate goals. Today, the company celebrates 20 years of serving clients in Central Oregon, continuing a tradition of excellent client service and superior market intelligence. The team’s collective industry expertise includes Central Oregon’s only two Society of Industrial and Office Realtors (SIOR®) designees, 11 Certified Commercial Investment Members (CCIM), 3 Certified Property Manager (CPM®) designees and the distinguished Accredited Management Organization (AMO®) designation from the Institute of Real Estate Management. Learn more at www.compasscommercial.com. Follow us on Twitter @CompassCom.