July 11, 2024

NORRIS & STEVENS, INC. BROKERS $1.6M INVESTMENT SALE OF MINI STORAGE IN PORTLAND, OREGON

Macadam Moving LLC recently completed the $1,600,000 purchase of a mini storage warehouse located at 5620-5622 S Kelly Ave in Portland, Oregon.

Constructed in 1964 as a warehouse and renovated into a mini storage in 1998, the approximately 17,322 square foot retail building is located just off of Macadam Avenue in the heart of South Portland. Equipped with 168 individual storage units, the facility also includes four office/retail spaces and a freight elevator.

Greg Nesting and Gabe Schnitzer with Portland-based Norris & Stevens Inc. represented the Seller, Ronald A. Buss & Teresa McCurdy, and Jason Kennedy with RE/MAX Equity Group 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 7 million square feet of commercial space and 11,000 apartment units.