August 7, 2024
NORRIS & STEVENS, INC. BROKERS $1.45M SALE OF INDUSTRIAL COMPLEX IN PORTLAND, OR
13th Street Partners, LLC recently completed the $1,450,000 purchase of an industrial complex located at 7515 NE 13th Ave in Portland, Oregon.
The industrial complex consists of 4 buildings situated on an 18,275 square foot “L” shaped tax lot. The main building is an approximately 2,745 square foot warehouse with a 900 square foot air-conditioned office. At 3,830 square feet, the fabrication building is equipped with three grade-level doors, two 5-ton bridge cranes, an insulated roof, and drive-thru capabilities. Also included are an 800 square foot metal warehouse, a 360 square foot wooden garage, and 7,550 square feet of fenced yard space.
Conveniently located in NE Portland, the site offers outstanding access to N Lombard Street, I-5, I-205, and Portland International Airport.
Thomas McDowell and Raymond Duchek with Portland-based Norris & Stevens, Inc. represented the Seller, Prentice & Prevost Properties LLC, and Brett Bayne with Macadam Forbes, Inc. represented the Buyer in the transaction.
Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 7 million square feet of commercial space and 11,000 apartment units.
