June 4, 2018
NORRIS & STEVENS BROKERS THE PURCHASE OF OFFICE COMPLEX NEAR VANCOUVER MALL THE TIMBERS, VANCOUVER, WASHINGTON
Norris & Stevens, Inc. is pleased to announce that Teevin Fischer Investment, LLC has purchased The Timbers office complex in Vancouver, Washington. Norris & Stevens, Inc. brokered the $6,150,000.00 transaction which was closed as part of a 1031 exchange by the Buyer. The transaction was completed start to finish in 28 days.
The Timbers Office Complex is ± 32,502 sq. ft. multi-tenant office complex located at 9120 NE Vancouver Mall Loop, Vancouver, Washington. The project was built in 1978 as a theatre complex and converted to offices in 2006. It was 98% leased at the time of sale. There are a total of 16 tenants including the newly expanded DaVita-Total Renal Care, Inc., Mission International, Home Instead & Columbia Commercial Properties.
Thomas McDowell, Vice President, Investment Properties, and Raymond Duchek, Vice President, Investment Properties of Norris & Stevens, Inc., represented the Buyer. Steve Mack of MAJ Commercial Real Estate represented the Seller.
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.