Navigating success for our clients since 1996
info@compasscommercial.com
Property Mgmt. (541) 330-0025
Main (541) 383-2444
Compass Commercial Real Estate Services Bend OR
  • Search Our Listings
  • What We Offer
    • Brokerage
    • Asset & Property Management
    • Construction Services
    • Market Report
  • Our Team
  • About Us
  • Contact Us
  • Search Our Listings
  • What We Offer
    • Brokerage
    • Asset & Property Management
    • Construction Services
    • Market Report
  • Our Team
  • About Us
  • Contact Us

News

Home/Compass Commercial News/Press Releases/Multifamily Investors Recognize Growth Opportunity in Bend

Multifamily Investors Recognize Growth Opportunity in Bend

by Compass Commercialon 11 June 2014in Press Releases

BEND, ORE – (June 11, 2014) The Cedarwood Apartment complex located at 427 NE Thurston Avenue has sold to Medford, Oregon based investors, Orchard Park Apartments, LLC. Compass Commercial brokers, Ron Ross, CCIM and Terry O’Neil represented Cedarwood Holdings, LLC in the sale of the building for a value of $2,220,000.

“The buyers were impressed with Bend’s future growth prospects and strong rental market — now at an approximately one percent vacancy rate,” said Ross. “Their plan is for a long term hold and gradual upgrades to the property.”

Built in 1977 and recently renovated, the Cedarwood Apartments is comprised of 30 multi-family residences, all three bedroom and one and one-half bath units measuring approximately 1,137 square feet.

The buyer was represented by Wade Six of Medford based VI Commercial Real Estate, LLC.

Contact Ron Ross or Terry O’Neil at Compass Commercial at 541.383.2444 for information regarding this transaction.

Share this article
0
0
0
previous article

Central Oregon’s commercial real estate market continues to improve; Compass Commercial announces multiple transactions closed in May

next article

Redevelopment Planned for Former Cash & Carry Site in Bend

Categories

  • Advisor Insights
    • Dan Kemp, CCIM
    • Howard Friedman CCIM
    • Jay Lyons, SIOR, CCIM
    • KBND Interviews
    • Pat Kesgard, CCIM
    • Peter May, CCIM
    • Ron Ross, CCIM
    • Steve Toomey, CCIM
  • Client Solutions/Case Studies
    • Business Sales
    • Construction Services
    • Property Management
    • Retail & Restaurants
    • Sales/Leasing
  • Compass Commercial News
    • Awards & Lists
    • Compass Cares
    • Press Releases
      • Business Sales
    • Transaction News
  • CRE Industry
  • Helpful Resources & Links
    • Community Resources
    • FAQ: Common CRE Questions
  • Investing in CRE
  • Local Economy & Community
    • Economic Development
  • Market Research
    • Central Oregon Multifamily News
    • Compass Points Market Report
  • Op Ed
  • Uncategorized

Get In Touch

  • 600 SW Columbia St., Suite 6100 Bend, OR 97702
  • 541-383-2444
  • info@compasscommercial.com
  • www.compasscommercial.com

Leave a Review

What We Offer

Services

Brokerage

Asset & Property Management

Construction Services

Featured Properties

Our Company

About Compass

Experience

Compass Cares

Our Team

Join the Team

Learn More

Market Report

CRE Resources

Press Releases

Client Stories

Construction Portfolio

Why Central Oregon

© Copyright 2020 Compass Commercial. Digital Marketing Agency Credit.

Signup for News & Listing Alerts   |    Contact Us   |    (541) 383-2444