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Tag : Emkay Drive

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Developing OSU-Cascades Campus Inspires Investors to Makeover Former DMV

by Compass Commercialon 30 July 2015in Investing in CRE

The office property at 1000 SW Emkay Drive in Bend, Oregon has seen its share of traffic, but that was in its former incarnation as a state run office of the Department of Motor Vehicles.

Developed in 1989 by an investor group from Roseburg, Oregon, the 3,924 square foot building includes a drive-thru that once served drivers undergoing license testing and 65 parking spaces to accommodate the foot traffic.

When the Great Recession hit Central Oregon in 2009, the DMV vacated the facility and the owners listed the property for sale. The building sat dormant until Compass Commercial broker, Robert Raimondi, CCIM and his clients recognized its investment potential and purchased the property.

The property was a bit of a jewel in the rough, but Raimondi noted its history as part of the old Brooks Scanlon Mill property.  “The location of the building in the middle of Bend’s west side office park gave it tremendous investment potential,  it just needed significant upgrades to make it attractive to tenants,” he said.

Raimondi’s clients, Toby and Ronda Wiltse, developers of commercial and residential property in Oregon and Idaho took an interest in the site. They appreciated the property’s clean classic architectural lines and development potential, in addition to the  west side location

The office property at 1000 SW Emkay Drive in Bend, Oregon has seen its share of traffic, but that was in its former incarnation as a state run office of the Department of Motor Vehicles. Developed in 1989 by an investor group from Roseburg, Oregon, the 3,924 square foot building includes a drive-thru that once…

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