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Reed South - Retail/Office/Medical Suites 21185 Reed Market Rd 900 - 11,781 SF of Space Available in Bend, OR 97702
HIGHLIGHTS
- Traffic counts exceeding 9,100 AADT on Reed Market Road and 8,680 AADT on 27th Street
- Excellent exposure on the SW Corner of Reed Market Road and 27th Street
- Anchored by Cascade Lakes Brewery and Reed Crossing Market and Gas Station
- Located near the future mixed-use development, Stevens Ranch, planned to have 1,710 residential units and over 1.5M SF of commercial/industrial
- Unique opportunity to locate in an underserved market
- Class A architecture and construction
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste Bldg A Inline | 1,658-3,486 SF | 14’ - 20’ | 3-20 Years | $33.00 /SF/YR $2.75 /SF/MO $355.21 /m²/YR $29.60 /m²/MO $9,587 /MO $115,038 /YR | Triple Net (NNN) | |
| 1st Floor, Ste Bldg B End Cap East | 2,132 SF | - | 3-20 Years | $36.00 /SF/YR $3.00 /SF/MO $387.50 /m²/YR $32.29 /m²/MO $6,396 /MO $76,752 /YR | Triple Net (NNN) | |
| 1st Floor, Ste Bldg B End Cap West | 2,175 SF | - | 3-20 Years | $36.00 /SF/YR $3.00 /SF/MO $387.50 /m²/YR $32.29 /m²/MO $6,525 /MO $78,300 /YR | Triple Net (NNN) | |
| 1st Floor, Ste Bldg B Inline | 900-2,073 SF | 14’ - 16’ | 3-20 Years | $33.00 /SF/YR $2.75 /SF/MO $355.21 /m²/YR $29.60 /m²/MO $5,701 /MO $68,409 /YR | Triple Net (NNN) | |
| 2nd Floor, Ste Bldg B 2nd Floor | 1,915 SF | - | 3-20 Years | $30.00 /SF/YR $2.50 /SF/MO $322.92 /m²/YR $26.91 /m²/MO $4,788 /MO $57,450 /YR | Triple Net (NNN) |
1st Floor, Ste Bldg A Inline
Ideal for restaurants, retail, service retail, medical or office
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Finished Ceilings: 14’ - 20’
1st Floor, Ste Bldg B End Cap East
Ideal for restaurants, retail, service retail, medical or office
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
1st Floor, Ste Bldg B End Cap West
Ideal for restaurants, retail, service retail, medical or office
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 6,163 SF of adjacent space
1st Floor, Ste Bldg B Inline
Ideal for restaurants, retail, service retail, medical or office
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 6,163 SF of adjacent space
- Finished Ceilings: 14’ - 16’
2nd Floor, Ste Bldg B 2nd Floor
Second floor office suite. Lease rate includes a $40/SF TI allowance.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 6,163 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT REED SOUTH - RETAIL/OFFICE/MEDICAL SUITES
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Axel's Taco Shop
- Accommodation and Food Services
- 1
- -
- Breathe Deep Dental
- Health Care and Social Assistance
- -
- -
- Cascade Lakes Brewery
- Accommodation and Food Services
- -
- -
- Haven Bagel
- Accommodation and Food Services
- -
- -
- The Great Greek
- Accommodation and Food Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Axel's Taco Shop | Accommodation and Food Services | 1 | - |
| Breathe Deep Dental | Health Care and Social Assistance | - | - |
| Cascade Lakes Brewery | Accommodation and Food Services | - | - |
| Haven Bagel | Accommodation and Food Services | - | - |
| The Great Greek | Accommodation and Food Services | - | - |
PROPERTY FACTS
| Total Space Available | 11,781 SF | Property Subtype | Restaurant |
| Min. Divisible | 900 SF | Gross Leasable Area | 30,223 SF |
| Max. Contiguous | 6,163 SF | Year Built | 2022 |
| Property Type | Retail | Parking Ratio | 4.33/1,000 SF |
| Total Space Available | 11,781 SF |
| Min. Divisible | 900 SF |
| Max. Contiguous | 6,163 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 30,223 SF |
| Year Built | 2022 |
| Parking Ratio | 4.33/1,000 SF |
ABOUT THE PROPERTY
Reed South presents a rare opportunity to lease premier Class A commercial space on Bend’s expanding east side. Located at the high-exposure corner of Reed Market Road and 27th Street, the center serves as a key destination in a rapidly growing and currently underserved market. The five-building development spans 3.4 acres and is anchored by Cascade Lakes Brewery and Reed Crossing Market & Gas Station, offering a dynamic mix of retail, restaurant, medical, and office opportunities. Reed South is directly adjacent to the upcoming Stevens Ranch mixed-use community—set to transform the area with more than 1,700 new residential units, over 1.5 million square feet of commercial and industrial space, and the future home of Deschutes County’s new 100,000 SF Central Library. This influx of development will significantly increase traffic, visibility, and demand for retail and service businesses in the area. With flexible suite sizes, second-floor office availability, and ample onsite parking, Reed South is perfectly positioned to serve both the existing community and the growing population drawn by this transformative East Bend expansion.
CONTACTS
-
Russell Huntamer -
Bruce Churchill -
Eli Harrison -
Compass Commercial Real Estate Services
Presented by
Reed South - Retail/Office/Medical Suites | 21185 Reed Market Rd
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