SOLD! Office Building in Vancouver, WA
The SVN Bluestone investment team of Cliff Hockley, Jim Wierson II, and Olesya Prokhorova sourced a transaction for a client that involved a complicated 1033 Exchange. Finding a property that made sense was extraordinarily difficult. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. Most options simply did not make any financial sense. Additionally, the client wanted to invest outside of Multnomah County. We looked at residential, industrial, retail and finally office properties and we were unable to identify a reasonable option for our client. Spiking office vacancies, high turnover costs, and the low demand for office space nearly eliminated all of the office properties as possible options. However, the team found 5101 NE 82nd in Vancouver, WA, a 28,500SF class A office building that the clients were impressed with. It was an attractive investment with a well-diversified tenant base and was a professionally managed property in excellent condition. However, early in the transaction, one of the major tenants gave notice to vacate the property, forcing the Buyers and the Sellers to find a creative way to make a deal come together. With the help of SVN Bluestone (Buyer representatives) & flexible… View Article
Just Closed! Industrial Building in NE Portland
Just Closed! Freestanding Retail Building in Milwaukie
Senior Advisors Cliff Hockley, Jim Wierson II, & Olesya Prokhorova represented the buyer. Contact them at 503-222-3800! View all of SVN Bluestone and Hockley properties for sale and lease HERE!
Sold! Value-Add Opportunity in Downtown Hillsboro
Just sold! Value add redevelopment opportunity in downtown Hillsboro just sold for $1,475,000! SVN Bluestone and Hockley Senior Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the seller in this transaction. View all properties available for sale and lease HERE! #commercialrealestate #portlandrealestate #realestateinvestors #Hillsbororealestate
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.Just Listed! Multifamily Land Development Opportunity
Operating Medical Office Complex with highest and best use as Land for multifamily development. Office Tenancies generally line up with an 18-24 month due diligence and building preparation timeline thereby reducing the Buyer’s holding costs by generating rental income during the permitting process. Located in the east side Gateway trade area the property has easy access to I-205 & I-84 with immediate proximity to bus lines and MAX Light Rail. Existing structures are comprised of 52,840 SF Medical Offices built in 1997 and renovated in 2011. Development Opportunity Highlights: Up to 665 dwelling units on a 9 story high-rise apartment building. Massing study indicates potential for up to 613,600 GSF building with 6,600SF of retail space. Traffic Counts: 21,236 VPD on 102nd Ave in 2018 & 25,353 VPD on NE Glisan in 2020. Contact SVN Senior Advisors, Clifford Hockley, Jim Wierson or Olesya Prokhorova at 503-222-3800 for more information. View the listing HERE.
Available 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/.
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
