Old Mill District - Owner-user Opportunity 395 Southwest Bluff Drive, Bend, OR 97702

Property Description

This unique opportunity allows an owner-user to acquire partial ownership in the building while leasing back at a below market lease rate. The available space is 8,644 sf, which can be increased to 10,000 sf or demised down to 2,500 sf.  If a buyer purchases and occupies 8,644 sf that would be 20% ownership for $2,000,000. Price and ownership percentage will adjust accordingly depending on the size. Buyer will then sign a 10 year lease at $1.70/sf assuming as-is. The owners are open to contributing on TIs and amortizing it over the initial term of the lease.

Take advantage of tax benefits such as interest deductions, a completed cost segregation study, and potential bonus depreciation to help offset build-out and relocation costs. In today’s low-inventory market—where high construction costs make new development challenging—this is a rare chance to occupy Class A office space while benefiting from immediate cash flow of the building. Additionally, the owners have secured a below-market interest rate and personal guarantees can be bifurcated. Buyer to come in with approximately 30% down. The move-in-ready suite offers Cascade mountain views and easy access to the Old Mill District’s restaurants, shops, and the Deschutes River Trail.