SVN | Bluestone & Hockley - Portland Commercial Real Estate Brokerage

Closed Deals

Case Study: Kachina Lodge Resort & Meeting Center, Taos, NM
Kachina Lodge Resort Hotel & Meeting Center located at: 413 Paseo Del Pueblo Norte, Taos, NM 87571 ABOUT THE PROPERTY Kachina Lodge, an iconic Taos landmark, is a 118 guest-room resort-style destination hotel. Originally built from 1960 to 1973 on 7.28 acres, the property provides a combination of Southwest charm and full-service contemporary hotel accommodations. Hotel amenities include an outdoor seasonal pool, indoor hot tub, 4,050 sq. M of conference/meeting space, restaurant, coffee shop, and gallery area. REPRESENTATION Brian Resendez Co-Listed with SVN Team Southwest (Tim House) and Dual-Agent representation of Buyer and Seller. CLIENT GOALS Seller: Seller sought Chapter 11 protection in May 2018. They cited lack of snow, tough ski conditions, and dwindling travelers last season as caused for the need to restructure. The Seller was elderly and did not have the energy /ability to continue the maintenance of the hotel or its operations. Buyer: M & M Partnership, a Birmingham, Alabama-based hotelier, plans to renovate the property and grow revenue. “The Kachina Lodge is a part of Taos history. It’s such a great property and in such a great town,” Gill said. The buyer had previously looked at this hotel and wanted to make an offer for… View Article
Case Study: Multnomah Village -7870-7878 SW Capital Hwy. Portland, OR.
About the property… Located in the heart of charming Multnomah Village, the property offered easy access to I-5 and US 99W, as well as numerous retail and restaurant amenities. Surrounded by residential neighborhoods, Multnomah Village is a walkable destination for a unique, independent shopping experience. The story… A longtime client with a 30 year relationship with Cliff Hockley had decided it was time to liquidate their assets due to market conditions. The property was listed in April 2018 and successfully closed June 2018. all parties worked diligently through obstacles that arose. Sewer repairs were required, the property needed to be surveyed again due to inaccuracies in a previous survey, multiple environmental tests were also needed. Brokers worked closely with the Buyer and Seller to mediate each challenge as it was discovered. The Buyer was an experienced developer and problem solver. They were comfortable with solving issues as they came up. The Seller was motivated and willing to help pay for repairs as they arose. All parties had a part in making this transaction a success. The Buyer adds to their portfolio a building that is close to being fully leased in SW Portland. The Sellers goals were met by liquidating their assets. … View Article

Type: Retail Building
Size: 4250 SF

Location: SW Portland -Multnomah Village
Year Built: 1926

Broker: Cliff Hockley
Sale Price: 750,000
Sold: Moolack Shores Motel
Moolack Shores Motel is a charming oceanfront property with twelve themed guest rooms catered toward couples. With approximately 225 feet of beach frontage, expansive views of the Pacific Ocean, and a close proximity to population centers such as Portland, Salem and Eugene this property’s location is ideal. Amenities include spacious decks for lounging, ocean views, beach access via private stairway, themed guest rooms, kitchenette, and free Wi-Fi. The buyers were looking to acquire a property along the Oregon Coast that would fit within their portfolio of property in Cannon Beach, Seaside and Lincoln City. Sellers were motivated to sell due to several factors. First, they had moved out-of-state and were absentee owners and second, this was their only asset in Oregon. The sale of the property did have challenges along the way. The motel’s small room count and somewhat secluded location along Hwy 101 just north of Newport was considered an obstacle. For the Buyer the smaller, secluded grounds was viewed as benefit, highlighting guest privacy. Brian was able to help achieve both parties real estate goals. The Buyer increased their portfolio of unique hotels along the Oregon Coast and now intends on making upgrades to the property to allow for updated… View Article

Type: Hospitality
Size: 6,171 SF

Location: 8835 N Coast Highway, Newport, OR 97365
Year Built: 1964

Broker: Brian Resendez, CCIM
Sale Price: 1,200,000
Salem Apartment Portfolio
The property was a mixture of multi-plexes, and the Seller’s motivation was to sell the portfolio as one to simplify their exit strategy. The Buyer had to find a financial institution (a credit union) that was willing to place four separate loans on the portfolio so that in the future, they could trade pieces of the portfolio without the limitation of one loan lumping all the properties together. The Client was using 1031 funds to trade out of two existing properties and was looking for a property in Salem that they could upgrade to. One of the properties was in a flood plain, and the insurance cost was significantly more than expected in underwriting – in fact the insurance in total was 100% more than what the Seller was paying. The inspection revealed that three of the buildings had major foundational/structural problems and three of the buildings needed to be re-reroofed as well. The Seller agreed to offset some of these expenses by placing some money into escrow to help fund capital expenses. The buyer understood that there were going to be significant capital expenses involved in purchasing this portfolio. For example: of 37 units, 15 of the units needed… View Article

Type: Apartment
Size: 6 Unit Portfolio

Location: 14th & Marion NE & Fairview, Salem OR
Year Built: 1960s

Broker: Cliff Hockley
Sale Price: $2,930,000
Inn Marin
The Inn Marin is a charming family owned and operated hotel, conveniently located in Novato, California – just minutes from Sonoma Raceway and Wine Country, and only 40 minutes north of San Francisco with excellent visibility to traffic traveling both north and south along US Hwy 101. Located on five acres, this full-service hotel includes 69 guestrooms, 1,200 square feet of meeting space, plus a restaurant and bar. The Inn Marin is the first hotel to have been named a Certified Green Hotel at the Environmentalist Level by the new State of California Green Lodging program. Brian Resendez, CCIM teamed up with John Williams of SVN | Delta Group Realty of Novato, CA to represent both Buyer and Seller, and the property closed on 10/19/17 for $10,000,000.00

Type: Hospitality
Size: 5332 s.f.

Location: Novato, CA
Year Built: NA

Broker: Brian Resendez
Sale Price: $10,000,000.00

Featured Properties

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FOR LEASE – Retail Space | 78th Street Plaza, Vancouver, WA

FOR LEASE: 78th Street Plaza 1503 NE 78TH STREET VANCOUVER, WA 98665 This well cared for, well managed specialty; retail center is located in the heart of the main business district of Hazel Dell, in a dense traffic area. The overall area follows NE Highway 99, just east of I-5, generally, from 63rd St. to 99th St, with businesses east and west of Hwy 99 on NE 78th and 99th Streets. Traffic counts along NE 78th St are 24,963 and 32,255 at the intersection of NE 78th St and HWY 99. PROPERTY HIGHLIGHTS • Beautifully Maintained and Managed • New Parking Lot and Striping • High Traffic Area • Signalized Corner with great access to I-5 • Great Tenant Mix Suite 8 | Available: 2,552 – 4,177 SF NNN $16.00 SF/yr Suite 9 | Available: 1,625 – 4,177 SF NNN $16.00 SF/yr Suite 12(13) | Available: 1,625 – 3,250 SF NNN $16.00 SF/yr LEASE TYPE | NNN TOTAL SPACE | 1,625 – 4,177 SF LEASE TERM | 3 to 5 Years LEASE RATE | $16.00 SF/yr NNN For more information on this property please contact: Julie Richard-Schutrop SVN | Bluestone & Hockley Senior Advisor | Licensed Oregon Broker 503.459.4390… View Article

Price
$16.00 SF | 1,625 - 4,177 SF

Property Type
Retail

Building Size

Year Built

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For Lease: 7240 N. Fessenden St. Portland, OR 97203

For Lease: 7240 N. Fessenden St. Portland, OR 97203 North Portland One Story Retail Site Charming Mid-century Storefront • Open layout with exposed wood beams • Cement floors • Large windows for natural light • Two Storefront entries • Two (2) restrooms • Ample Parking on-site • Lit monument signage available • Across from George Park • Nearby Restaurants, fitness & shops Contact Information: Stacy Looney, Senior Advisor | SVN Bluestone & Hockley 503.459.4387 stacy.looney@svn.com

Price
$15.00 SF/yr (NNN)

Property Type
One story commercial retail site

Building Size
1985 RSF -Divisible to 992 RSF

Year Built
1965

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For Sale: Pro Plaza -121-185 NE 102nd Portland, OR 97220 – 8,750,000

For Sale. Well established medical office building located in desirable NE Portland. 5 building medical office plaza with long-term tenants, ample parking on a large 4.5 acre parcel.

Price
8,750,000

Property Type
Medical Office

Building Size
52,840

Year Built
1977 / 2011

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For Sale: Kachina Lodge – Taos, New Mexico $3,300,000

Kachina Lodge 413 PASEO DEL PUEBLO NORTE TAOS, NM 87571 $3,300,000 PROPERTY OVERVIEW Kachina Lodge, an iconic Taos landmark, is a 118 guest-room resort style destination hotel. Originally built from 1960 to 1973 on 7.28 acres, the property provides a combination of Southwest charm and full-service contemporary hotel accommodations. Hotel amenities include an outdoor seasonal pool, indoor hot tub, 4,050 sq. ft of conference/meeting space, restaurant, coffee shop and gallery area. LOCATION OVERVIEW This historic property is located in Taos, New Mexico along US Route 64, the main thoroughfare between Taos Plaza and Taos Pueblo which also serves as access to world-renowned Taos Ski Valley. The town, a longtime artist colony, offers many galleries and museums showcasing regional artwork. The hotel is an excellent starting point for a tour of the Enchanted Circle, an 83 mile nature loop through mountains, valleys, mesa and national forest. For more information on this property please contact: Brian Resendez, CCIM 9320 SW Barbur Blvd., Suite 300 Portland, OR 97219 C 503.577.7710 brian.resendez@svn.com

Price
3,300,000

Property Type
Hospitality

Building Size
86,718 SF

Year Built
1960

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For Sale: Ocean House B & B, Newport, Or – $2,125,000

Ocean House Bed & Breakfast 4920 NW Woody Way Newport, OR 97365 Listing price: $2,125,000 9249 Sq. Ft. Built in 1937 Ocean House is a delightful oceanfront B&B In North Newport. It features 8 guest rooms with bathrooms (1 guest room currently unused), plus a 1 bedroom/1 bath studio cottage, and a 2 bedroom/2 bath owners apartment with spectacular ocean views. Sellers have extensively updated the property! Check out the ‘’Cook’s Kitchen’’, grand front room with expanded seating area, 2nd seating area off dining room, themed guest rooms with private baths, ocean facing large deck, office area, grand gardens, 2nd deck with fire pit, and beach pathway. Priced below replacement value! Excellent oceanfront location off Hwy 101 in Newport Built-in 1937 and beautifully remodeled 8 guest rooms, 1 cottage, and a 2 bedroom owners apartment Priced below replacement value For more information on this property please contact: Brian Resendez, CCIM SVP Hotel & Land 503-821-7935 brian.resendez@svn.vom

Price
2125000

Property Type
Hospitality

Building Size
9249

Year Built
1937

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Case Study: Kachina Lodge Resort & Meeting Center, Taos, NM

Case Study: Multnomah Village -7870-7878 SW Capital Hwy. Portland, OR.

Sold: Moolack Shores Motel

Salem Apartment Portfolio

Local Commercial Real Estate Advisors

$8.1B

In Transactions

5500+

Clients Served

180

Offices Nationwide

1200

Advisors & Staff

Inn Marin

FOR LEASE – Retail Space | 78th Street Plaza, Vancouver, WA

For Lease: 7240 N. Fessenden St. Portland, OR 97203

For Sale: Pro Plaza -121-185 NE 102nd Portland, OR 97220 – 8,750,000

For Sale: Kachina Lodge – Taos, New Mexico $3,300,000

For Sale: Ocean House B & B, Newport, Or – $2,125,000