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    141 NW Greenwood Avenue

    Bend, OR 97701
    • $3,600,000
    • STATUS: Active
    • ON SITE: 102 days
    • MLS #: 220104883
    UPDATED: 61 min ago
    $3,600,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,859
      SQFT
    • $280
      $/SQFT
    Type:
    Commercial
    Built:
    1989
    County:
    Area:

    School Ratings & Info


    Listing courtesy of Compass Commercial Real Estate.

    Description

    The Centratel Building is a Class A office property located in beautiful downtown Bend, Oregon. There are three tax lots associated with the sale. With rare direct driveway access off Greenwood Ave, accessibility and visibility are excellent. Parking is more than ample with 44 private spaces providing a 3.5/1,000 ratio. Street parking is also available.There are three tenants currently leasing space. Centratel occupies the entire second floor which is approximately 53% of the building. The two other tenants lease the remaining 47% on ground level. Centratel will negotiate a new 5 year lease, including two 5 year renewal options to commence at closing. The two remaining tenants have leases which expire in 2022. Both tenants have one 3 year option to renew. All tenants are on full NNN leases which include capital reserves. Utilities are also included in the CAM charges. Cap rate on a disposition price of $3,600,000 is anticipated to be 5.6% which includes 5% vacancy and 2% reserves.

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    © 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Premiere Property Group, LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Premiere Property Group, LLC. Data last updated: .2020-10-24T20:44:38.813
    bend.ppghomesearch.com/homes/107817771
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    141 NW Greenwood Avenue Bend, OR 97701

    • Price: $3,600,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 220104883
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    12,859
    SQFT
    $280
    $/SQFT
    1989
    Built
    County:
    Deschutes
    Area:
    Bend
    Property Description
    The Centratel Building is a Class A office property located in beautiful downtown Bend, Oregon. There are three tax lots associated with the sale. With rare direct driveway access off Greenwood Ave, accessibility and visibility are excellent. Parking is more than ample with 44 private spaces providing a 3.5/1,000 ratio. Street parking is also available.There are three tenants currently leasing space. Centratel occupies the entire second floor which is approximately 53% of the building. The two other tenants lease the remaining 47% on ground level. Centratel will negotiate a new 5 year lease, including two 5 year renewal options to commence at closing. The two remaining tenants have leases which expire in 2022. Both tenants have one 3 year option to renew. All tenants are on full NNN leases which include capital reserves. Utilities are also included in the CAM charges. Cap rate on a disposition price of $3,600,000 is anticipated to be 5.6% which includes 5% vacancy and 2% reserves.
    Exterior Features

    Construction Materials BlockBrick Foundation Details OtherSlabStemwall Levels Two Lot Features Drip SystemLandscapedSprinkler Timer(S)Sprinklers In FrontSprinklers In Rear Parking Details Numberof Parking Spaces 44 Parking Details Parking Yes Parking Features AsphaltAssignedOn StreetParking Lot Roof Membrane

    Interior Features

    Additional Features Ada ComplyCommon AreaOffice Space Cooling Central AirOtherZoned Flooring CarpetOtherTileVinyl Heating Forced AirNatural Gas Unit1 Rent Escalators Yes Unit1 Square Footage 1804.00 Unit2 Rent Escalators Yes Unit2 Square Footage 3676.00 Unit3 Rent Escalators Yes Unit3 Square Footage 6226.00

    Property Features

    Additional Parcels YN Yes CCAnd Rs YN No Cross Street Nw Harriman Exclusions Tenants Personal Property FIRPTAYN No Flood N/A Government Overlay Enterprise ZoneOpportunity Zone Listing Terms Cash New Construction YN No Power Production Public Utilities Sewer Public Sewer Special Assessments None Special Listing Conditions Standard Tax Annual Amount 29627.00 Tax Year 2019 Tenant Pays Common Area MaintenanceElectricityExterior MaintenanceGasInsuranceInterior MaintenanceJanitorial ServiceOtherRepairsSewerTaxesWater Unit1 Optionto Extend Yes Unit1 Status Leased Unit1 Tenant Name Michael D. TobeyD.C.P.C Unit1 Unit Number 101 Unit2 Optionto Extend Yes Unit2 Status Leased Unit2 Tenant Name Flybook Unit2 Unit Number 103 Unit3 Optionto Extend Yes Unit3 Status Leased Unit3 Tenant Name Centratel Unit3 Unit Number 200 View CityTerritorial Zoning Cb

    Listing information © 2020 MLS of Central Oregon
    Listing provided courtesy of Compass Commercial Real Estate.

    © 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Premiere Property Group, LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Premiere Property Group, LLC. Data last updated: .2020-10-24T20:44:38.813
     
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    Premiere Property Group, LLC
    1133 NW Wall St. Suite 104
    Bend OR, 97701

    Listing courtesy of Compass Commercial Real Estate.