August 28, 2020
NORRIS & STEVENS, INC. BROKERS $2.6M OFFICE SALE IN PORTLAND, OREGON
L & N Fifth, LLC and L & N Second, LLC recently completed the $2,600,000 purchase of an approximately 9,048 SF multi-tenant office building located at 12923 NW Cornell Road in Portland, Oregon.
The two-story, 9,048 square foot office building is situated on approximately .38 acres of land located at 12923 NW Cornell Rd, Portland, OR. The property is currently 100% occupied with seven tenants: Next Home Realty, Edward Jones, The Foot Spa, American Family Insurance, Cedar Mils Chiropractic, Bridgetown Optometric Associates and Loft 202 Hair Studio.
Todd VanDomelen and Charles Conrow with Portland-based Norris & Stevens, Inc. represented the Buyer, L & N Fifth, LLC and L & N Second, LLC, in the transaction. Will Stone and Scott Logan of Marcus & Millichap represented the Seller. Norris & Stevens, Inc. is managing this office investment property for 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 6 million square feet of commercial space and 9,000 apartment units.