Portland Archives - VRJ Properties https://vrjproperties.com/tag/portland/ Multifamily and Commercial Real Estate Investments Tue, 24 Dec 2024 14:25:01 +0000 en-US hourly 1 https://vrjproperties.com/wp-content/uploads/cropped-favicon-512x512-1-32x32.png Portland Archives - VRJ Properties https://vrjproperties.com/tag/portland/ 32 32 Norris & Stevens Brokers Investment Sale of Portland MOB https://vrjproperties.com/norris-stevens-brokers-investment-sale-of-portland-mob/ Fri, 20 Dec 2024 21:13:22 +0000 https://vrjproperties.com/norris-stevens-brokers-investment-sale-of-portland-mob/ Blackhawk, LLC recently completed the $1.7 million investment purchase of a medical office building located at 4702-4706 NE Glisan Street in Portland, Oregon. Tim Pfeiffer with Portland-based Norris & Stevens, Inc. represented the Buyer, and John Fezler, Nathan Oakley, and...

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Blackhawk, LLC recently completed the $1.7 million investment purchase of a medical office building located at 4702-4706 NE Glisan Street in Portland, Oregon.

Tim Pfeiffer with Portland-based Norris & Stevens, Inc. represented the Buyer, and John Fezler, Nathan Oakley, and Nathan Sasaki with Apex Real Estate Partners, LLC represented the Seller, Providence Health & Services – Oregon, in the transaction.

Constructed in 1912, the approximately 7,815 square-foot single-tenant office building features a mix of open space, private offices, and a conference room. The property includes an ADA entrance and multiple ADA restrooms, as well as off-street parking.

The two-story property is located on NE Glisan Street across from Providence Portland Hospital, with convenient access to I-84, I-205 and Portland International Airport.



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]]> B+E Brokers Sale of Portland FedEx Property for $32M https://vrjproperties.com/be-brokers-sale-of-portland-fedex-property-for-32m/ Mon, 03 Jun 2024 22:39:33 +0000 https://vrjproperties.com/be-brokers-sale-of-portland-fedex-property-for-32m/ B+E, an investment brokerage firm specializing in net lease real estate, announced the sale of a FedEx Ground distribution facility in Portland’s Swan Island Industrial Park for $32.5 million. The cap rate establishes the 2024 benchmark cap rate for FedEx....

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B+E, an investment brokerage firm specializing in net lease real estate, announced the sale of a FedEx Ground distribution facility in Portland’s Swan Island Industrial Park for $32.5 million.

The cap rate establishes the 2024 benchmark cap rate for FedEx. B+E represented the seller and procured the buyer, both family offices. “We’re excited to achieve this outcome on behalf of our seller, despite an elevated interest rate environment and the short remaining lease term on the asset,” said B+E Associate Director William Brooks.

“We ran an extremely competitive bid process that generated multiple offers, showing that the market still has a voracious appetite for quality net lease industrial assets like this one.”

The post B+E Brokers Sale of Portland FedEx Property for $32M appeared first on Connect CRE.



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