- Gateway Location – Prominent Class A building at the gateway to downtown Bend
- Newer Construction – Higher-quality, newer construction relative to the competitive set
- Strong Tenant Mix – 90% leased, with staggered lease expirations
- Public House Anchor – Brother Jon’s Public House, an established Bend tenant, on the ground floor
- Flexible Office Suites – Class A suites of varying sizes on the top three floors
- Elevator Access – Elevator service to all four floors
- Top-Floor Patio – Exterior patio with views of Pilot Butte for top-floor tenants
- Condominium Structure – Commercial condo units in place for a flexible disposition strategy
The Bond is an opportunity to acquire a legacy mixed-use property in the heart of downtown Bend. The ground floor is anchored by Brother Jon’s Public House, an established Bend gathering spot that draws steady foot traffic. Three floors of Class A office suites sit above it, served by an elevator and laid out in a range of sizes for tenants large and small. Built in 2007, the 11,485-square-foot building is 90% leased to a mix of tenants with staggered lease expirations. Top-floor tenants share an exterior patio with views of Pilot Butte. The property is configured as commercial condominium units, which gives a buyer flexibility in how the asset is held or later disposed of. The building has no on-site parking, but a city parking structure is within two blocks, and several surface lots are closer, including one directly behind the building. The Deschutes River, Mirror Pond, Drake Park and the River Trail are two blocks away, and the Deschutes County courthouse is nearby.
Premier Class A Office Building in Downtown Bend
Location
Downtown Bend
Major Tenants
Brother Jon’s Public House, Pence Construction, Becker Capital, Macher Development
Zone
Commercial Business District (CBD)
Cap Rate
6.25%
Price/SF
$394
% Leased
90% Leased
Property Highlights
