November 1, 2019
NORRIS & STEVENS, INC. BROKERS $4.3M SALE OF BRAEMONT TERRACE APARTMENTS IN BEAVERTON, OREGON
Russell Hosner, LLC recently completed the $4,300,000 ($134,375 per unit) purchase of Braemont Terrace Apartments, a 32 unit, multifamily complex located at 5870 SW Murray Boulevard in Beaverton, Oregon.
Constructed in 1969, Braemont Terrace consists of three buildings on a single tax lot with one, two and three bedroom layouts. The property is located approximately one mile from downtown Beaverton and two miles from Nike World Headquarters.
David Chatfield and Chase Brand with Portland-based Norris & Stevens, Inc. represented both the Buyer, Russell Hosner, LLC, and the Sellers, Noreen, LLC, EGL Properties, LLC, and Quarnstrom Braemont LLC, 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 approximately 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 6.5 million square feet of commercial space and over 9,000 apartment units.