Central Oregon Commercial Real Estate Transaction Update – December 2015
Compass Commercial Announces Notable Deals Closed in December 2015
BEND, OR, January 29, 2016 – Compass Commercial Real Estate Services is pleased to announce a selection of commercial real estate transactions closed by the firm in December.
Robert Raimondi, CCIM of Compass Commercial represented Buscir, LLC and S&T Northwest, LLC in the investment sale and purchase of a 4,385 square foot office building located at 2421 NE Doctors Drive in Bend. The sale was part of a 1031 exchange valued at $1,096,000.
Terry O’Neil, broker and Ron Ross, CCIM of Compass Commercial represented Scott Hatcher and Richard L. Shepherd in the sale of two industrial properties located at 36 SE 9th Street in Bend to Medford based Lithia Real Estate. The sale included a 10,249 square foot industrial building and a combined 1.91 acres of land. The total transaction value of the two properties was $1,050,000.
Robert Raimondi, CCIM of Compass Commercial represented 200 Greenwood, LLC in the investment sale of a 5,546 square foot retail building situated on a 13,939 square foot lot at 200 NE Greenwood Avenue in Bend to Don DeZarn. The sale was part of a 1031 exchange valued at $999,900.
Okawa Steakhouse and Sushi leased the former Outback Steakhouse restaurant space located at 1180 SE 3rd Street in Bend. Compass Commercial brokers, Pat Kesgard, CCIM, Peter May, CCIM, Russell Huntamer, CCIM and Joel Thomas, represented the lessor in the negotiation. The tenants are owners of a San Diego based Hibachi style restaurant and will be introducing their concept to Central Oregon.
Blue Sky Veterinary Clinic renewed its lease of a 4,340 square foot facility located in the Mt. Bachelor Village retail center at 20205 Powers Road in Bend. Compass Commercial brokers, John Keba, ARM, CPM, Pat Kesgard, CCIM and Joel Thomas represented both parties in the negotiation.
Eyemart Express leased a 4,524 square foot retail space located at 3148 N Highway 97 in Bend from RPP Bend I, LLC. Russell Huntamer, CCIM and Peter May, CCIM of Compass Commercial represented the lessor, RPP Bend I, LLC in the lease negotiation
Dan Kemp, Broker and Howard Friedman, CCIM of Compass Commercial represented The Redmond Assembly of God in the sale of a five acres of residential land at 1699 W. Antler Avenue in Redmond to a private investor. Compass Commercial brokers, Pat Kesgard, CCIM and Joel Thomas represented the investors in the transaction that was valued at $444,512.
Peter May, CCIM and Russell Huntamer, CCIM of Compass Commercial represented the seller, Clarendon Place, LLC and Stephen Toomey, CCIM also with Compass Commercial, represented the buyers, Vickie and John Hornbeck in the sale and purchase of the RM zoned property located at 2120 NE Bear Creek Road in Bend. The transaction was valued at $417,000.
Agency Revolution leased a 4,322 square foot industrial property located at 63026 Lower Meadow Drive from Freund/Spencer Investment Group. Compass Commercial brokers, Howard Friedman, CCIM and Graham Dent represented the lessee in the negotiation of the lease.
La Magie Bakery & Café leased a 3,943 square foot retail property located at 473 E. Hood Avenue in Sisters from MJM Hood, LLC.Compass Commercial broker, Howard Friedman, CCIM represented both parties in the lease negotiation.
Precious Cargo Transportation, Inc. leased a 6,160 square foot industrial property located at 710 NE 1st Street in Bend from Murray & Holt Motors. Gardner Williams, SIOR and Graham Dent, broker of Compass Commercial represented both parties in the negotiation of the lease.
About Compass Commercial Real Estate Services
With integrated services in brokerage sales, leasing, asset and property management and construction services, Compass Commercial helps buyers, sellers, landlords and tenants achieve their unique commercial real estate goals. Today, the company celebrates 20 years of serving clients in Central Oregon, continuing a tradition of excellent client service and superior market intelligence. The team’s collective industry expertise includes Central Oregon’s only two Society of Industrial and Office Realtors (SIOR®) designees, 11 Certified Commercial Investment Members (CCIM), 3 Certified Property Manager (CPM®) designees and the distinguished Accredited Management Organization (AMO®) designation from the Institute of Real Estate Management. Learn more at www.compasscommercial.com. Follow us on Twitter @CompassCom.