Capstone Partners & PCCP Sell Grant Park Village Quimby Multifamily For $30.7 Million

A 161-unit multifamily property located at 1580 Northeast 32nd Avenue in Portland, OR, was sold for $30,700,000. The property has a price per unit (PPU) of $190,683 and features prominent characteristics suitable for multifamily living.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,700,000
• Seller: Capstone Partners & PCCP
• Buyer: Laurel Property Group
• Brokers: Joe Nydahl & Josh McDonald - CBRE
• Mortgage Brokers: Scott Williams & Bryan Johnson - CBRE
• Units: 161

The sale involved Capstone Partners and PCCP as sellers, with CBRE facilitating both brokerage and financing through agents Joe Nydahl and Josh McDonald for the property, thereby ensuring a smooth transaction process for all parties involved.