March 22, 2021
NORRIS & STEVENS, INC. BROKERS $1.5M SALE OF OFFICE/WAREHOUSE SPACE IN PORTLAND, OR
1623 SE Pants, LLC recently completed the $1,500,000 purchase of an owner-user/redevelopment opportunity property located at 1623 SE 6th Avenue in Portland, Oregon.
Constructed in 1932 with add-ons in 1945 and 1966, the approximately 11,318 square foot building is situated on approximately 0.23 acres of land in East Portland. The space is equipped with approximately 2,370 square feet of office space and approximately 8,948 square feet of warehousing space. The property is located one and a half blocks away from SE Hawthorne Blvd, containing a half ton freight elevator and loading zones.
Todd VanDomelen with Portland-based Norris & Stevens represented the Seller, Thomas Dwight Short Revocable Trust, in the transaction. Eli Haworth with Cloud City Realty 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.