CBRE Brokers Sale Of Tessera At Orenco Station Multifamily In Hillsboro For $99M

CBBRE has brokered the sale of Tessera at Orenco Station, a 304-unit multifamily community in Hillsboro, Oregon. The transaction took place for a total sale price of $99,000,000, amounting to an average of approximately $325,658 per unit. Located at 6523 Northeast Cherry Drive, the property spans across 3.69 acres.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $99,000,000
• Address: 6523 Northeast Cherry Drive, Hillsboro, OR
• Market: Hillsboro, OR

The seller in this transaction was Security Properties. CBRE represented both the buyer and the seller in the deal, with Josh McDonald, Joe Nydahl, and Phil Oester from CBRE serving as the brokers.