April 4, 2023
NORRIS & STEVENS, INC. BROKERS $2.25M SALE OF STANDALONE RETAIL BUILDING IN PORTLAND, OREGON
Yusuf Iqbal recently completed the $2,250,000 purchase of a standalone retail building located at 16544 SE Division Street in Portland, Oregon.
Constructed in 1987, the approximately 12,371 square foot building features a rear secured gated area with a roll up door, great signage opportunity, and 21 parking spaces on 0.89 acres. Conveniently located on SE Division Street with an average daily traffic count of 31,822 vehicles, the property is within close proximity to ample major retailers as well as TriMet’s FX2 bus line, which serves stops between downtown Gresham and downtown Portland.
Luis Martin del Campo and Michael Simmons with Portland-based Norris & Stevens, Inc. represented the Buyer and the Seller, Harold Ward, 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.
