April 11, 2023
NORRIS & STEVENS, INC. BROKERS $1.475M INVETSMENT SALE OF HISTORIC OFFICE BUILDING IN ASTORIA, OREGON
818 Commercial, LLC recently completely the $1,475,000 purchase of the Spexarth Building located at 818 Commercial St in Astoria, Oregon.
Constructed in 1910 by prominent businessperson August G. Spexarth, Sr., the historic Spexarth Building is an approximately 13,276 square foot office building located in the heart of downtown Astoria. The property features upper floor office space from 140 to 2,000 square feet, ground floor retail space, reserved tenant parking, as well as shared conference and reception spaces on the upper floors. Ideally located with great visibility on the intersection of 8th and Commercial Street, the Spexarth Building is within close proximity to downtown offices, shops, restaurants, and the Astoria Riverwalk.
Todd VanDomelen with Portland-based Norris & Stevens, Inc. represented the Buyer and the Seller, Bendl Family Revocable Trust, 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.