January 10, 2024

NORRIS & STEVENS, INC. BROKERS $12.45M INVESTMENT SALE OF TWO INDUSTRIAL BUILDINGS IN TROUTDALE, OREGON

LNR Holding, LLC recently completed the $12,450,000 purchase of two industrial buildings located at 3324 & 3302 NW Marine Dr in Troutdale, Oregon.

The fully fenced and secured industrial buildings are approximately 37,304 and 29,808 square feet, and feature office space, mezzanines, dock and grade loading, and abundant parking. The buildings are in close proximity to the Troutdale Airport and have convenient access to I-84.

Tim Budelman with Portland-based Norris & Stevens, Inc. represented the Buyer, and Daniel Helm and Mark Chiles with Capacity Commercial Group represented the Seller, JLPS, LLC, 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.

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