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Investment Property—Murphy Industrial Park
920 NW Bond Street, Suite 200, Bend, OR 97701 I Ph: 541-312-2113 I Web: www.lowes-group.com
Investment Property
Founder and Principal Broker of The Lowes Group, Peter has been active in commercial real estate since 1984. Peter began his professional career in Newcastle, England working as a chartered accountant. After moving to the US in 1982, Peter began working in investment real estate with Preferred Investments in Long Beach, CA in 1984. Peter was a top producer there until moving to Bend in 1994. In 1996 Peter founded Compass Commercial along with 3 partners. Peter was the top producer at Compass Commercial in 1997, 1999, 2001 and 2003 before leaving to form Lowes Commercial in 2004. Peter’s accounting background and extensive experience offer his clients a high level of confidence. Peter’s areas of expertise include investment property brokerage, landlord/tenant representation, development and business brokerage. Peter is a Certified Commercial Investment Member (CCIM) the most coveted designation in the commercial real estate industry. The 240 hours of graduate level curriculum leading to the designation represent the finest education available in real estate today. The professional experience requirements ensure that a CCIM is skilled not only in theory, but also in practice. The CCIM network encompasses over 1,000 markets throughout the world. Peter strongly believes in giving back to the local community and has sat on several Boards of Directors – most recently Peter has sat on the Board of Directors for Big Brothers Big Sisters of Central Oregon, Hospice Center of Bend/LaPine and the Advisory Board for Volunteers of Medicine.
MEET BROKER PETER LOWES
Peter Lowes Principal Broker Cell: 541-788-2444 [email protected] Licensed in the State of Oregon
920 NW Bond Street, Suite 200, Bend, OR 97701 I Ph: 541-312-2113 I Web: www.lowes-group.com
920 NW Bond Street, Suite 200, Bend, OR 97701 I Ph: 541-312-2113 I Web: www.lowes-group.com
THE LOWES GROUP
Lowes Commercial Properties is a comprehensive commercial real estate and investment company based in Bend,
Oregon. With decades of combined commercial real estate experience, Lowes Commercial Properties is committed to
setting a new precedent of excellence in commercial real estate service. You can have confidence knowing your real
estate decision will be backed by extensive real estate knowledge and experience, comprehensive market research
and the dedicated team work of some of the best Brokers in Central Oregon.
Lowes Commercial Properties offers a wide range of services including landlord and tenant representation and assisting
clients with the acquisition and disposal of investment property, raw land and business opportunities. We also form closely
held partnerships for the acquisition of key properties. We continually strive to provide superior service while paying close
attention to our client's needs and objectives.
Success is driven by exceptional service, unsurpassed knowledge and unique solutions. Lowes Commercial Properties
strives to develop long-term relationships with our clients that will contribute to our mutual success.
“Real Estate Solutions”
Investment Property
920 NW Bond Street, Suite 200, Bend, OR 97701 I Ph: 541-312-2113 I Web: www.lowes-group.com
OFFERING SUMMARY - REAL ESTATE FOR SALE Subject Property Real Estate and Improvements Long-term tenants include Habitat for Humanity ReStore and NW Sign Recycling 1415, 1417, 1425 & 1427 NW Murphy Court Prineville, OR 97754 Location Located in Prineville, Oregon Price $550,000 Year Built 2007 Building Size Two buildings, each 5,000 Sq. Ft. for a total of 10,000 sq. ft. Each of the four units have offices, restrooms, two 14’x14’ roll up doors, and 1,500 sq. ft. of outside secure storage. Total Lot Size 1 Acre (ample parking) Lease Rate $3,500 per month/$42,000 per year Lease Terms Two (2) years left on gross lease with a 5% escalation on second year. Annual NOI $31,276 per year CAP Rate 5.7 %
Investment Property
920 NW Bond Street, Suite 200, Bend, OR 97701 I Ph: 541-312-2113 I Web: www.lowes-group.com
LOCATION MAP / DIRECTIONS / HOURS OF OPERATION
Hours & Directions Hours: Habitat for Humanity Restore Tuesday-Saturday 9 AM to 5 PM
NW Sign Recycling Monday-Friday 7 AM to 4:30 PM
Location: 1415 NW Murphy Ct Prineville, OR 97754
Directions From US-97, east on OR-126 E, left onto US-26, right onto N Gardner Rd, right onto NW Murphy Ct.
26 mins from Redmond, Oregon 48 mins from Bend, Oregon
Investment Property