January 19, 2023
NORRIS & STEVENS, INC. BROKERS $7.65M SALE OF INDUSTRIAL PARK IN PORTLAND, OREGON
Frith Investments 3, LLC recently completed the $7,650,000 purchase of Mt. Scott Industrial Park, located at 7402-7410 SE Johnson Creek Blvd in Portland, Oregon.
Constructed in 1971 and 1976, the approximately 35,500 square foot industrial park is situated on 3.59 acres near 82nd Avenue. The industrial park features office space in each suite, 48 parking spaces, 8 grade level doors, and 8 drive-in doors. The property is located within close proximity to major transportation arterials, just 17 minutes from downtown Portland and 18 minutes from Portland International Airport. Sold within 120 days of listing, Mt. Scott Industrial Park was 100% occupied at the time of purchase.
Nick Chessar and Scott Finney, SIOR with Portland-based Norris & Stevens, Inc. represented the Seller, Mt. Scott Industrial Park, LLC, and Tyler Dean with Macadam Forbes, Inc. 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 5.9 million square feet of commercial space and 9,100 apartment units.