July 14th, 2021
NORRIS & STEVENS, INC. BROKERS $756K GROUND LEASE IN HILLSBORO, OR
Big River Coffee LLC recently completed a ground lease for approximately 20,473 square feet of land, located at 2835 SE 70th Avenue in Hillsboro, Oregon. The value of the lease totaled over $750,000.
The tenant plans on building a drive-thru café/coffee shop on the 0.47 acres of leased land. Big River Coffee is based in Santa Rosa, California, and their first location in the Pacific Northwest will be in Hillsboro, Oregon. The drive-thru coffee shop will be located off of SE Tualatin Valley Highway in the Reedville neighborhood of Hillsboro.
Tim Budelman with Portland-based Norris & Stevens, Inc. represented both parties 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 6 million square feet of commercial space and 9,100 apartment units.