August 17th, 2021
NORRIS & STEVENS, INC. BROKERS $1.68M SALE OF CAPITOL POINT APARTMENTS IN PORTLAND, OR
Rollingpears West, LLC recently completed the $1,680,000 purchase of Capitol Point Apartments, an 8-unit, multi-family complex located at 11006 SW Capitol Highway in Portland, Oregon.
Constructed in 1977, the apartment complex is situated on 0.55 acres of land and includes approximately 6,448 square feet of rentable building area. The apartment complex is made up of (4) duplex style buildings, featuring vaulted ceilings, brick fireplaces, and expansive patios. Capitol Point Apartments offers (8) 2 bedroom/1 bathroom units at approximately 806 square feet each. Four of the units were recently renovated.
Cameron Mercer with Portland-based Norris & Stevens represented the Seller, 1977 Partners, LLC, in the transaction. Phil Barry with Joseph Bernard represented the Buyer.
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.