August 8, 2023
NORRIS & STEVENS, INC. BROKERS $1.3M INVESTMENT SALE IN PORTLAND, OREGON
Meidi, LLC recently completed the $1,398,000 purchase of an industrial/office building located at 2316 NE Glisan Street in Portland, Oregon.
Constructed in 1953, the approximately 5,140 square foot office/industrial building is situated in the trendy Kerns neighborhood of northeast Portland. The main level includes a warehouse/production space and one grade level overhead door, and the second floor features five private offices, a conference room, open work space, and a mezzanine storage area. Conveniently located with great exposure on NE Glisan Street, the property is within close proximity to downtown Portland, I-84, and Sandy Boulevard.
Greg Nesting and Gabe Schnitzer with Portland-based Norris & Stevens, Inc. represented the Seller, TJR, LLC, and Andrew Galler with Realty Works Group 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 5.9 million square feet of commercial space and 9,100 apartment units.
