63270 Lyman Place

| 28,492 SF

THE OFFERING

STATE-OF-THE-ART INDUSTRIAL FACILITY IN BEND

This premium industrial building on Bend's north end was fully renovated into a premium cannabis cultivation facility in 2016. No expense was spared with over $2.5M in capital expenditures to properly equip the building. While the space is primed for a premium cultivation facility (including cannabis), it also has the potential for a variety of other indoor cultivation uses along with pharmaceutical manufacturing.

It is fully sprinklered and underwent major improvements to the HVAC system with the installation of 4 split systems outfitted with Quest humidifiers and dehumidifiers to control the climate in each of the 4 grow rooms. A large central nutrient reservoir with distribution throughout the facility was installed to support a streamlined hydroponic grow operation which could be managed from one location in the building.

Situated in the Light Industrial (IL) zone, the property has a 40.6% lot coverage ratio with abundant outside storage and 22 onsite parking spaces with additional street parking. Highlighted by its premier location on the north end of town, this property is one of the few off of Nels Anderson that will remain after the ODOT north corridor expansion. The property features exceptional visibility from the Hwy 97/20 interchange, and will have great ingress and egress once the ODOT expansion is completed.

63270 Lyman Place, Bend, OR is being offered at $4,500,000. A user can use the building as it is currently designed or as a traditional industrial building modifying the improvements. See page 10 for the Offering Terms.

63270 LYMAN PLACE

Address 63270 Lyman Place, Bend, OR 97701

Building Size 28,492 SF Sale Price $5,250,000 $4,500,000

Price Per SF $228 Year Built 1977

BUILDING HIGHLIGHTS

HIGH-TECH FACILITY

Fully sprinklered and air-conditioned state-of-the-art industrial facility

FULLY RENOVATED

Capital improvements on facility exceeded $2.5 million

SPECIALIZED

Built out to support indoor grow operations of all kinds, including cannabis

GREAT ACCESS

Easy ingress/egress for large semi-trucks plus excellent highway access

VARIETY OF USES

Potential conversion to pharmaceutical manufacturing

FENCED STORAGE

Fenced outdoor storage area

ROLL UP DOORS

Three dock-high roll up doors and one grade level

ROBUST HVAC

High performance HVAC infrastructure including four total split systems

BUILDING PHOTOS

BUILDING FLOOR PLAN

NORTH CORRIDOR REROUTE

U.S. 97 is the main north-south highway through the central portion of Oregon, connecting Oregon to California and Washington. U.S. 20 is a primary east-west highway in Oregon. In the Bend area, both highways are primary routes that help local residents commute through town and connect to area shopping, dining, businesses, schools and recreation. This project will realign one of the most congested portions of U.S. 97 in the City of Bend and improve a section of U.S. 20. The U.S. 97 Bend North Corridor project includes a realignment of U.S. 97, improved intersections, new ramp connections at critical locations to improve local and highway traffic, and pedestrian and bicycle facilities.

These improvements will do the following:

• Create excellent access to the development

• Support economic vitality

• Reduce traffic volume and speeds at high conflict locations

• Increase freight mobility

• Improve travel time reliability

63270 LYMAN PL

BEND, OREGON

With a population of 103,254, Bend is the sixth-largest city in Oregon and the largest city in Central Oregon, serving as its de facto commercial, recreation and social center. Situated on the eastern edge of the Cascade Range along the Deschutes River, Bend joins forested mountain highlands and high desert plateaus, offering a diverse range of scenery and outdoor activities while offering relatively convenient access to major West Coast Metropolitan Areas.

LIFESTYLE DESTINATION

Bend has a deserved reputation for attracting lifestyle migrants – urban dwellers seeking amenities typically associated with larger metropolitan areas but also outdoor recreational pursuits, a beautiful setting and an accessible community feeling. As such, the city attracts families and entrepreneurs from all the West Coast metro areas as well as other major population centers. The city has been adopted as a gateway for many outdoor sports, including mountain biking, skiing and snowboarding, dog sled racing, fishing, hiking, rock climbing, white-water rafting and golf. Bend also offers a thriving arts and culture scene, and the city’s beer brewing industry and restaurants are a draw for tourists and locals alike.

FASTEST-GROWING CITY IN THE U.S.

Milken Institute 2017, 2018, 2019 & 2020

CENTRAL OREGON

LIFESTYLE

Central Oregon offers a rare mix of city amenities and restful isolation, including the slower speed of a small town with a medical community and infrastructure not normally seen in a region of its size. Additionally, Central Oregon residents maintain a work/life balance that is difficult to achieve elsewhere.

EDUCATION

Central Oregon is well-recognized for its high level of education, with some of the best K-12 public schools in the nation. In 2020, the Bend-La Pine school district’s average SAT scores surpassed the national average by over 130 points. Additionally, the region’s higher education opportunities abound. From the new Oregon State University-Cascades to Central Oregon Community College’s four campuses in the region, there are opportunities for all to obtain a quality education.

AIRPORT

Redmond Municipal Airport provides commercial air service with daily non-stop flights to Burbank, Denver, Los Angeles, Phoenix, Salt Lake City, San Diego, San Francisco, Santa Rosa, and Seattle via carriers American, Alaska, Avelo, Delta, and United. The airport is undergoing a $5.2 million expansion to meet the rising demand for transit in and out of the region.

300 Days of Sunshine

31 Breweries & Counting

30 Golf Courses Miles of Trails

Thriving Arts & Culture

OFFERING TERMS

63270 Lyman Place, Bend, OR is being offered at $4,500,000.

Interested parties must submit a written Letter of Intent (“LOI”) or a Purchase & Sales Agreement (“PSA”) outlining the terms and conditions under which they propose to purchase the Property. Such terms must include the following:

• Purchase price

• Company background and financial capability

• Source of capital (Equity/Debt)

• Amount and form of earnest money deposit(s)

• Required contingency periods (inspection, financing, etc.), including any extension(s)

• Closing timeline

All property tours must be scheduled in advance through the Compass Commercial listing team.