63130 Lancaster Street, Bend

$4,999,999

0 Beds
0 Baths
15,485 Sqft
1.2 Acres
0 Garages

The Shops at Boyd Acres is a brand new 15,485 +/- SF neighborhood shopping center located on the northeast side of Bend, just off of Empire Avenue. Consisting of four (4) single story buildings, the center is currently 65.7% leased with continued high interest and demand. The property is situated in an under-served sector of Bend, and as a result current tenants have all successfully prospered. Outstanding demographics: 31,936 +/- adults live within 3 miles and 64,842 +/- work within 3 miles. High traffic counts: 10,443 ADT on Empire Ave & 5,577 ADT on Boyd Acres Road. Close proximity to Brinson Industrial Park - an industrial campus generating employment for thousands of workers. 6.02% Cap Rate (Proforma) $300,822 Annual NOI. 4 single-story buildings.

Essential Information
MLS® #201903464
Price$4,999,999
Square Footage15,485
Acres1.20
Year Built2014
TypeCommercial Building
Sub-TypeRetail
StatusActive
Community Information
Address63130 Lancaster Street
AreaBend/Tumalo/Alfalfa
SubdivisionParkway Village
CityBend
CountyDeschutes
StateOR
Zip Code97701
SectionNE
Amenities
ParkingParking Lot-Asphalt
ViewCascade Mountain
Interior
HeatingNatural Gas
Exterior
RoofMetal
ConstructionBrick, Frame
FoundationSlab
Additional Information
Date ListedMay 6th, 2019
Days on Market165
Office

Fratzke Commercial R.E. Advisors

Property History
Price Reduced from $5,400,000 to $4,999,999

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