January 2021 Notable Commercial Transactions

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Recent notable commercial transactions closed during the month of January 2021.

Walt Ramage and Jeff Reed of NAI Cascade Commercial Real Estate Services represented the seller in the disposition of three small multifamily assets on Dawson Drive totaling $1,475,000. This seller then exchanged into a newly constructed Starbucks in Sumner, WA.

Brokers Peter May, CCIM and Dan Kemp, CCIM of Compass Commercial Real Estate Services represented the buyer, Bend Spa & Health, in the purchase of 61400 S Highway 97 in Bend. The 5,670 SF retail building on 0.73 acres sold for $1,000,000.

Palmer LLC has signed a 12 month lease of 912 +/- SF of office space at 2445 NE Division in Bend. Dan Steelhammer, Broker of Fratzke Commercial Real Estate Advisors, Inc. represented the Landlord.

Jenn Limoges of NAI Cascade Commercial Real Estate Services represented the seller in the disposition of a 27-unit, multifamily new construction in Sisters. This project will provide workforce housing with the 24-unit Phase II closing in 2021. This transaction required excellent long-term planning and collaboration between the developer and the city to align garden-style apartments with the seamless Sisters aesthetic. 

Compass Commercial Real Estate Services brokers Ron Ross, CCIM, Terry O’Neil, CCIM and Dan Kemp, CCIM represented the seller, Erdmann, Steve C Et Al, in the sale of a 2,030 SF multifamily property on 0.21 acres. The property located at 928 NE Hidden Valley Drive in Bend sold for $459,000.

Cal EarthCare Landscaping has signed a 36 month lease of 1,800 +/- SF of industrial space at 20784 Carmen Loop in Bend. Dan Steelhammer, Broker of Fratzke Commercial Real Estate Advisors, Inc. represented the Landlord.

Walt Ramage and Jeff Reed of NAI Cascade Commercial Real Estate Services represented the seller of the Dutch Bros on the south end of Hwy 97 in Redmond which closed at $1,600,000.

Compass Commercial Real Estate Services broker Terry O’Neil, CCIM represented the landlord, D&S Hollywood, LLC, in the lease of a 3,616 SF office suite located at 1000 SW Indian Avenue in Redmond.

Forever Free LLC dba Rise Wellness has signed a 42 month lease of 1,955 +/- SF of space at 320 SW Century Drive in Bend. Tom Tapia, CCIM, Principal of Fratzke Commercial Real Estate Advisors, Inc. represented the Tenant.

Walt Ramage of NAI Cascade Commercial Real Estate Services represented the seller in the disposition of 880 recreational/timber acres in Grant County which closed at $880,000.

Standing Tall Chiropractic has signed an 86 month lease of 1,562 +/- SF of space at 1462 NE Cushing Drive in Bend. Tom Tapia, CCIM, Principal of Fratzke Commercial Real Estate Advisors, Inc. represented the Tenant.

Jenn Limoges of NAI Cascade Commercial Real Estate Services represented both Landlord and Tenant in leasing nearly 18,000 square feet of industrial space on Nels Anderson to local favorite, Bend Soap Company. 

G5 Search Marketing Inc. has signed a 36 month sublease of 15,009 +/- SF of office space at 360 SW Bond in Bend. Nick Vaughn, Broker of Fratzke Commercial Real Estate Advisors, Inc. represented the Tenant.

Walt Ramage of NAI Cascade Commercial Real Estate Services represented the Tenant, UDI Corp in their relocation to 1950 SW Badger near Redmond Airport. UDI Corp specializes in impulse-buy supply. 

The iPhone Guy has signed a 61 month lease of 1,350 +/- SF of space at 835 NW Bond Street in Bend. Tom Tapia, CCIM, Principal & Brian Fratzke, CCIM, Principal, both of Fratzke Commercial Real Estate Advisors, Inc. represented the Landlord.

Ken Streater of NAI Cascade Commercial Real Estate Services represented the seller and Walt Ramage of NAI Cascade Commercial Real Estate Services represented the buyer of a .78 acre lot in North Brinson Business Park which closed at $535,000 setting a high mark comp of $15.75/SF for light industrial land. The local buyer is an owner/user which will build on the property to suit their expansion needs. 

Cascade Insurance Center LLC has signed a 5 year lease of 3,209 +/- SF of office space at 1201 NW Wall Street in Bend. Brian Fratzke, CCIM, Principal of Fratzke Commercial Real Estate Advisors, Inc. represented the Tenant & the Landlord.

Katy Haines of NAI Cascade Commercial Real Estate Services represented the Landlord and Tenant in leasing 720 square feet to Lash and Wax, previously located in Orange County, CA. Lash and Wax specializes in teaching aestheticians how to start and grow their business as well as providing lash extension and waxing services.

New Era Homes has signed a 60 month lease of 1,800 +/- SF of industrial space at 20729 Carmen Loop in Bend. Dan Steelhammer, Broker of Fratzke Commercial Real Estate Advisors, Inc. represented the Landlord.

AA Foot Spa & Massage has signed a 60 month lease of 1,240 +/- SF of space at 547 NE Bellevue Drive in Bend. Dan Steelhammer, Broker of Fratzke Commercial Real Estate Advisors, Inc. represented the Landlord.

Kim & Tim Newman have signed a 61 month lease of 8,060 +/- SF of space at 288 W. Sisters Park Drive in Sisters. Tom Tapia, CCIM, Principal of Fratzke Commercial Real Estate Advisors, Inc. represented the Tenant.

Bend Research Inc. has signed a 36 month lease of 15,530 +/- SF of office space at 1201 NW Wall Street in Bend. Brian Fratzke, CCIM, Principal of Fratzke Commercial Real Estate Advisors, Inc. represented the Landlord.

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