Ethos Commercial Advisors Secures $6.1 Million Loan For Bluff Street Office In Bend Oregon
395 Southwest Bluff Drive
$6,100,000
$210/SF
Building Size
29,000 SF
Asset Type
Office
Closing
Nov 19, 2024
About this deal
AI
The property at 395 Southwest Bluff Drive in Bend, OR, is an office asset with a total square footage of 29,000. It is fully leased and has secured acquisition financing of $6.1 million through a regional credit union. The financial structure of the acquisition includes a 10-year fixed-rate loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,100,000
- Loan Type: Acquisition
- Loan Terms: 10-year fixed-rate loan
- Market: Bend, OR
- Address: 395 Southwest Bluff Drive
- Brokers: Daniel Natsch & Matthew Illias - Ethos Commercial Advisors
Ethos Commercial Advisors played a crucial role in securing the acquisition financing for the office property in Bend's Old Mill District. The transaction highlights the involvement of brokers Daniel Natsch and Matthew Illias, who represented the interests of the deal effectively.
On the Map
$6,100,000
$210/SF
Office
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Players
Bend Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93