NORRIS & STEVENS, INC. BROKERS $5.3M RETAIL SALE IN CAMAS, WASHINGTON
Perseverance, LLC recently completed the $5,350,000 sale of the One Stop Shopping Center located at 3504-3536 NE 3rd Avenue in Camas, Washington.
The One Stop Shopping Center is a single story multi-tenant building with 38,850 SF of retail space. Built in 1959, the property rests on 2.44 acres and includes 149 parking spaces. The center is currently 100% occupied and features several new store fronts, including Core Industries and Hometown Furniture.
The location has easy access to Hwy 14 and the corner lot has over 15,000 vehicles drive by daily. It is also near Washougal Waterfront which is scheduled for a residential development by Killian Pacific and a commercial development by the Port of Camas-Washougal in partnership with RRM Development.
Todd VanDomelen with Portland-based Norris & Stevens, Inc. represented both the seller, Perseverance, LLC, and the buyer, KH Properties 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 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.