10 Barrel Brewing Co.’s landlord has put its headquarters on the market for $19 million.
Graham Dent, a partner with Compass Commercial, said the “sale of the real estate will have no effect on the 10 Barrel business going forward.”
“Compass Commercial is pleased to announce the rare opportunity to acquire 10 Barrel Brewing’s headquarters facility in Bend, Oregon,” according to the sales portfolio from Compass Commercial. “The NNN lease with 10 Barrel is guaranteed by Anheuser-Busch with 7 ½ years remaining on the lease with annual increases. Bend is ranked one of the top beer markets in the country with 10 Barrel Brewing as one of Bend’s most popular brewpubs.”
The 67,000-square-foot facility opened in 2016 just off Empire on 18th Street. The sales portfolio indicates the sale does not include the actual brewing facility adjacent to the building.
“The owner/developer of the property is selling this as an investment with the plans of re-deploying the proceeds into other development projects here in town,” Dent said in an email to Central Oregon Daily. “10 Barrel just invested several hundred thousand dollars to install solar panels on the roof if that gives you any idea of their long term commitment to the property.”
10 Barrel was founded in 2006 and was acquired by beer behemoth Anheuser-Busch InBev in 2014. There are two pubs in Bend, as well as pubs in Portland, Boise, San Diego and Denver. The beer is distributed nationwide.
Image courtesy Compass Commercial