Just Sold! Industrial Building + 4-Plex
Congratulations to the new owners of the Forge Parkour! The architecturally unique industrial building is 9,466 SF. This rare 3 story building was constructed three years ago by a local Portland architect. The sale also included a 4-plex just down the road for additional income! The sale closed in August 2021 for $2,240,000. Stacy Looney and Jim Wierson with SVN Bluestone & Hockley represented the seller in this owner/user investment opportunity!
Sold: Redwood Inn in Medford
The Redwood Inn is a 47 room, 12,200 SF hotel in Medford, OR. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. The hotel sold for $2,350,000 and will be converted to affordable housing. The transaction closed in March of 2021. Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on our website or you can also visit NW Hotel Investor’s website for hospitality properties.
Sold: Whiskey Inn in Pendleton, OR
The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. The hotel sold for $1,00,000 and will be converted to affordable housing. The transaction closed in March of 2021. Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on our website or you can also visit NW Hotel Investor’s website for hospitality properties.
Sold: Paradise Inn & Suites, Lincoln City, OR
The Paradise Inn & Suites is an 18,020 SF hotel with 31 units in Lincoln City, Oregon. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the buyer in the transaction. The hotel sold for $3,250,000 and will be converted to affordable housing. The transaction closed in March of 2021. Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on our website or you can also visit NW Hotel Investor’s website for hospitality properties.
Sold: Red Lion Inn & Suites, Eugene, OR
The Red Lion Inn & Suites is a 50 unit hotel in Eugene, Oregon. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the buyer and seller in the transaction. The hotel sold for $5,500,000 and will be converted to affordable housing. The transaction closed in February of 2021. Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on our website or you can also visit NW Hotel Investor’s website for hospitality properties.
Sold: Econo Lodge in Spokane, WA
The Econo Lodge Inn & Suites is a 132-guestroom exterior corridor motel originally built in 1962. This property is well located in Spokane, WA along Interstate 90 between the Spokane International Airport and the downtown area on over 3 acres of land. The sale includes an additional 1-acre lot on W Sunset Blvd. currently used for Park & Ride. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller in the transaction and it closed in January of 2021. Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on our website or you can also visit NW Hotel Investor’s website for hospitality properties.
Sold: Cabana Motel in Othello, WA
The Cabana Motel is a 55 unit non-operational economy motel in Othello, WA. The property consists of 7 buildings located on 2.5 acres and was built in 1965. The motel was in the process of being converted to a Motel 6, but the owners did not complete renovation. SVN Bluestone and Hockley Senior Advisor Brian Resendez represented the buyer and seller as a dual agent in the transaction. The $825,000 transaction closed in late December 2020. Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on our website or you can also visit NW Hotel Investor’s website for hospitality properties.
Buyer Representation: Retail Space in NW Portland
The 2,500 SF single-story retail space is located at 1212-1218 NW Glisan. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. The prime location was ideal for the buyer. SVN Bluestone and Hockley Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the buyer in the transaction. The deal closed for $1,100,000 at the end of December 2020. Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on the website.
Buyer Representation on 21-Unit Apartment Complex Purchase
The 21-unit apartment complex, Pickett Park Apartments, is located at 1430-1640 SW Bertha Blvd. in Portland, Oregon. The complex features a mix of 1-bedroom, 2- bedroom, and 3-bedroom units. The property closed in early January 2021 for $3,100,000. SVN Bluestone and Hockley Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the buyer on the deal. Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on the website.
Canyon Square Shopping Center Leased
Canyon Square Shopping Center has a diversified tenant mix and ample parking with a 4/1000 ratio. It is conveniently located in a high traffic retail corridor with easy access, in a large suburban area of Portland MSA. Several large retailers are located close to the shopping center. The tenant, KC’s Smoke and Vape, has locations in the eastside of Portland and was looking to expand to the westside of the city. The tenant was seeking a location that offered easy access and convenient parking, and proximity to their warehouse. The Canyon Shopping Center has a 1,450 SF retail space available for lease. However, this space was too large to meet the needs of the tenant and the monthly rent was more than what was budgeted. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. The Tenant was able to reuse some of the shelving and was given access and free rent to help with the renovation and new buildout. SVN Bluestone and Hockley Advisor Patrice Cook represented the landlord and tenant on this transaction. For more information on properties available for lease or sale, view the… View Article
21 Unit Apartment Complex Sold in December 2020
The Pickett Park Apartments is a 21-unit complex located at 1430-1460 SW Bertha Blvd. in Portland, OR. SVN Bluestone and Hockley advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the buyer in the transaction. The property closed for a purchase price of $3,100,000 in December of 2020. For more information on properties available for lease or sale, view the properties on the SVN Bluestone and Hockley website. You can also find an experienced commercial real estate broker on the website who can meet your commercial real estate needs.
8,206 SF Office Building Sold December 2020
The property was formerly occupied by George Fox and is located at 12570 SW 69th Avenue in Tigard, OR. The 8,206 SF office building has two levels and featured abundant parking, window-lined private offices, large training rooms, conference rooms, and reception areas. It is conveniently located near Highway 217 and I-5. The property was purchased as an owner/user use for $2,135,600. SVN Bluestone and Hockley advisors Stacy Looney, Jim Wierson, and Olesya Prokhorova represented the seller in this transaction. The buyers were obtaining an SBA loan for the purchase and this was amid the pandemic. After extensions for obtaining the financing, the seller and buyer were able to close the transaction in December of 2020. For more information on properties available for lease or sale, view the properties on the SVN Bluestone and Hockley website. You can also find an experienced commercial real estate broker on the website who can meet your commercial real estate needs.
Historic Office Building Leased in SE Portland
The Property The historic home was converted to office space. The property occupies two levels which include three open areas, a kitchen, and private offices. The basement has additional storage of 800 sf not included in the total square footage. It features a fully paved and fenced parking lot that can fit as many as 12 vehicles. Background The tenant, Supreme Heating and Cooling, had previously operated the business out of the owners’ home. This space offered desperately needed parking for their trucks and storage trailer with easy access to the 1-205 freeway and SE Portland. Solution and Outcome This property provided a cost-effective price point and solved the issue of parking their trucks, storage trailer as well as customer parking. Additionally, the property provided a new showroom and conference areas for the staff. SVN Bluestone and Hockley Advisor Patrice Cook represented the landlord and the tenant on the deal. You can reach her at 503-459-4341 or patrice.cook@svn.com. You can view properties for sale or lease at https://www.svnbluestone.com/search-properties/.
8,869 SF of Office Space Leased at Tanasbourne Commons
The Property Tanasbourne Commons is located at 17933 NW Evergreen Place in Beaverton and is visible from Highway 26. The four-story office building is 60,115 SF. Amenities include ample parking, a spacious and modern lobby, a large boardroom, fitness center, and locker room. You can take a virtual tour of the building at https://youtu.be/_fu1Ovwm5w0. Background The tenant had leased an office space a short drive away from Tanasbourne Commons for twelve years prior to moving. The motivation to move was based on new ownership at the previous location that wanted an increase in rent. Tanasbourne is a class B+ space and was able to deliver at a very competitive price point. Opportunities and Challenges There is an abundance of inventory in the Beaverton Hillsboro submarket. Tanasbourne Commons had to compete to attract this tenant. Remember, this lease was executed during the Covid pandemic. Solution and Outcome Tanasbourne Commons is located within a couple of miles from the previous location which was ideal. One of their requirements was close to 9,000 SF of contiguous space with freeway ramp access at a competitive price. The tenant signed a seven-year lease for three contiguous office spaces for a total of 8,869 SF of… View Article
1820 E. Burnside Sold
Commercial Real Estate Success Story The Property The Whole 9 Yards is in an excellent location with numerous shops, restaurants and support service nearby. Its location at 1820 E. Burnside provides heavy exposure to traffic and CM2 zoning allows a wide range of uses. The building features a fully remodeled showroom office space with multiple private offices, conference room, breakroom and two restrooms. The 7,560 square foot retail building offers a functional open floor plan, an abundance of natural light and beautiful exposed wood beams. Background The Buyer has been waiting for the right opportunity to purchase the building for several years. When the Whole 9 Yards came available, the Buyer was the first to tour the building and made a very compelling offer that included a Seller Lease Back accommodation. Opportunities and Challenges We were just getting to the appraisal when the pandemic brought everything to a grinding halt! The Buyer was utilizing an SBA loan and there was concern it could be derailed by lenders committed to providing PPP loans. With negotiations, we were able to allow extra time in the deal to allow for this. Solution and Outcome Through all the economic uncertainty, the Buyers continued… View Article
21 Oaks Office Building Sold for $1,250,000
Commercial Real Estate Success Story The Property 21 Oaks Professional Building is located at 525 Glen Creek Rd. NW in Salem, OR at the intersection of Wallace Rd NW. It is in close proximity to shopping, restaurants, and services. This three-level 14,870 square foot building was renovated in 2019. It has office space for 16 tenants. Background The seller purchased it in 2017 and invested over $340,000 in building improvements. Some of these renovations included a new roof, redesign of the landscaping, installation of selected new HVAC systems, interior upgrades, ADA ramp, sidewalks, siding, and signage. SVN Bluestone & Hockley advisor, Olesya Prokhorova, solidified and extended all of the leases prior to sale to stabilize the cashflow of the building. The property was put on the market in December of 2019 and had immediate multiple offers. Opportunities and Challenges This transaction was originally scheduled to close on March 26th, 2020, but as the pandemic crisis deepened, the lender became overwhelmed in dealing with PPP loans to businesses. Even though none of the Tenants asked for rent deferrals, it still posed a great risk to the valuation of the building had any of the tenants stopped paying rent. Solution and Outcome… View ArticleAvailable for Sale: 30-Unit Apartment Complex in Vancouver, WA
Six wood frame buildings are available in Clark County, West Minnehaha Neighborhood. The thirty multifamily apartments are situated on five parcels and are to be sold together. The unit mix includes: (8) 1 bedroom/1 bathroom units with an average of 650SF (20) 2 bedroom/ 2 bathroom units with an average of 825 SF (2) 2 bedroom/ 2 bathroom Townhome style units with an average of 1200 SF The property is surrounded by trees providing a very private setting, yet only five minutes to I-5 ramp. The property features: Hardi Plank Siding Wood Frame Construction Asphalt Composite Shingles Vinyl Windows Plenty of off-street parking Fourteen garages are situated in 4 garage structures that include 12 garage stalls, with an additional garage included with each Townhome. Call SVN Bluestone and Hockley Advisors for pricing and more information. Visit and property website and download the Offering Memorandum here.
4k – 6k SF Prime Free Standing Retail for Lease on SE 82nd
Prime Free Standing Retail or Creative Office Location on a Corner intersection SE 82nd Avenue in Happy Valley! With over 32,000 ADT going by each day and excellent Building and Pylon signage, your business won’t be missed! Large private entrance next to on-site parking for easy access. A loading dock is also available for use and national tenants are your neighbors! Highlights of the space include: 4000-6000ft of Retail or Creative Office Clean and Bright Free Standing Building Pylon & Building Signage with great exposure Drive-up parking Private Entrance Excellent Branding opportunity On-site Parking Loading Dock For more information, contact SVN Bluestone and Hockley Senior Advisor Stacy Looney at stacy.looney@svn.com. You can also view all properties for sale and lease at https://www.svnbluestone.com/search-properties/.
Mixed Use CM2 Offered for Sale at $760,000
Investment Opportunity in the Alberta Arts District! This little Gem is a rare find! Mixed-Use Property with a beautiful Salon Tenant and a fully furnished extended stay studio apartment in the lower level with additional rental income. Zoned CM2 for redevelopment potential. Property Highlights: 1,760 Square Feet Total 5-year lease in place with above-market income Income-producing Studio Apartment Vibrant Bungalow Style with Upstairs converted to Salon / Open Office Hardwood floors throughout Natural light from windows gives the interior a warm inviting glow Large ADA Restroom Full Kitchen and Laundry upstairs and downstairs Beautifully landscaped private garden patio Parking on-site for 4-6 cars Lower Level permitted apartment For more information contact SVN Bluestone and Hockley Senior Advisor, Stacy Looney, at 503-459-4387 or stacy.looney@svn.com. You can view the property at https://www.svnbluestone.com/search-properties/?propertyId=5011-NE-13th-Ave or https://www.loopnet.com/Listing/5011-NE-13th-Ave-Portland-OR/21932797/.
For Sale and Lease: 2774-2788 NW Thurman
2774-2788 NW Thurman is available for lease and sale! Suite 2788 is currently available for lease and is a restaurant/pub build-out located at the corner of NW Thurman St and NW 28th Street. The property features a 2,788 SF open-air patio. Numerous amenities are available in close proximity. The property is zoned CM2 which provides flexible allowable uses such as retail sales and services, office space, household living, vehicle repair, institutional uses, and limited manufacturing. The zoning permits a 45′ maximum height, which is generally four stories, increasing to 55′ (5 stories) with bonus provisions in some areas. Call SVN Senior Advisors for more information at 503-222-3800!
For Lease! Canyon Square Shopping Center
Property Description: 1,450 square foot in-line retail space located at 4130 SW 117th Ave in Beaverton, OR. Excellent parking ratio of 4.92/1,000. The space has good visibility and access from SW Canyon Road. Neighboring tenants include Cricket Wireless, Sprint Wireless, The UPS Store, Jim & Patty’s Coffee People. There is an adjacent partially fenced private patio also available for rent with lease of this suite. Property Highlights: High traffic counts on SW Canyon Road; Ample parking, Easy access to HWY 217 and Tualatin Valley Hwy; Close proximity to major retailers, including Fred Meyers, Petco, Starbucks, Big 5, Home Goods, Cracker Barrel, Trader Joe’s, Home Depot and Target; Central Beaverton location; Fantastic visibility and signage; Transit nearby; Great mix of businesses
The 301 Building was built in 1905 and resides in the heart of Chinatown. This building has the highest walk, ride, bike scores available and is a block from the Chinese garden and Chinese Museum. It was once an Asian market and more recently a Dim Sum restaurant. The space has exposed brick, high ceilings, street-level cargo door, cooler space and lots of storage in the basement. Old town/Chinatown is being rediscovered as a cultural center with great historical significance It also has great proximity to restaurants, bars, services, and the waterfront. This space may be divisible. Perfect for a restaurant or an entertainment center.
For Lease : Tanasbourne Commons- 17933 NW Evergreen Pky | Beaverton, OR 97006
Tanasbourne Commons 17933 NW Evergreen Pky | Beaverton, OR 97006 PROPERTY FEATURES Spacious and bright lobby with modern updates and a large shared conference room. On-site fitness room with showers and lockers. Relaxing outdoor setting with colorful and mature landscaping. PROPERTY HIGHLIGHTS • Beautifully landscaped modern 2-Story office building • Fitness Center with showers & locker room • Ample Parking • Large Conference Facility • 24 Hour Security Parking 3.8/1,000 Contact Stacy Looney for more information Stacy Looney Senior Advisor | SVN Bluestone & Hockley 503-459-4387 stacy.looney@svn.com
