CBRE Brokers Sell Bend Multifamily Property For $57.5M

The sale involved the multifamily property located at 2001 Northeast Linnea Drive in Bend, OR. The asset, known as Outlook at Pilot Butte, consists of 205 units. The transaction was facilitated by CBRE, with brokers Joe Nydahl, Josh McDonald, and Phil Oester representing the seller, Security Properties. The sale price for the property was $57,500,000, translating to a price per unit of $280,488.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $57,500,000
• Units: 205
• Price Per Unit: $280,488
• Address: 2001 Northeast Linnea Drive
• Market: Bend, OR
• Seller: Security Properties
• Brokers: Joe Nydahl, Josh McDonald & Phil Oester - CBRE

CBRE played a significant role in the sale of Outlook at Pilot Butte, showcasing their expertise in facilitating large real estate transactions. The identity of the buyer was kept undisclosed throughout the process, adding a layer of confidentiality to the deal. The collaboration between the seller, Security Properties, and the experienced brokers highlights the intricacies involved in high-value real estate transactions.