After renovation, the building will accommodate a wide variety of businesses with leasable suites ranging in size from 4,600 square feet to 36,000 square feet.
Compass Commercial brokers, Bruce Kemp, CCIM, Erich Schultz, SIOR, Darren Powderly, CCIM and Gardner Williams, SIOR represented NW Bend Real Estate Holdings Nels Anderson in the sale of the 36,600 square foot industrial property that has been part of
Williams noted that prior to the sale, the fate of the building was uncertain. Sabal Financial purchased the note on the building from Bank of the Cascades and subsequently foreclosed on the property.
“For the most part, the building sat vacant with a few month-to-month tenants,” noted Williams. “The property was large, old and in need of repairs. “
But with the sale of the property comes plans for a renovation.
“The buyer is an investor who plans to renovate the property and offer it up for lease to meet the growing demand for industrial space in
