February 13, 2024
NORRIS & STEVENS, INC. BROKERS $1.175M SALE OF INDUSTRIAL BUILDING IN PORTLAND, OREGON
Columbia 41 LLC recently completed the $1,175,000 purchase of an industrial building located at 4123 NE Columbia Blvd in Portland, Oregon.
Constructed in 1920, the approximately 5,128 square foot property is located near Portland International Airport, I-5, and I-205. The 2,640 square foot shop, and 2,488 square foot main office are located on the partially paved, fully enclosed one acre lot. Ideally situated on Columbia Blvd, the property offers excellent exposure, with 28,700 cars passing by each day.
Greg Nesting, Chase Brand, and Gabe Schnitzer with Portland-based Norris & Stevens, Inc. represented both the Seller, Creitz Marital 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 10,250 apartment units.
