Grand Peaks Acquires 424-Unit Multifamily Property From Taylor Morrison In Beaverton For $85.2M

The multifamily property sold is located at 14700 Southwest Rocket Street in Beaverton, OR, encompassing 13.5 acres. The asset consists of 424 units and features 34,000 square feet of ground-floor retail space. The sale was finalized for $85.2 million, with a per unit price of $200,943.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $85,200,000
• Address: 14700 Southwest Rocket Street
• Market: Beaverton, OR
• Units: 424
• Price Per Unit: $200,943
• Acres: 13.5
• Buyer: Grand Peaks
• Seller: Taylor Morrison
• Brokers: Joe Nydahl & Josh McDonald - CBRE

Representing the seller, CBRE's Joe Nydahl and Josh McDonald played a key role in facilitating the transaction between Taylor Morrison and Grand Peaks, underscoring the involvement of experienced brokers in this significant deal.