Norris & Stevens Acquires Capitol Park Office Building In Portland For $5.7M

The property asset involved in this transaction is a 29,000-square-foot office building located at 9700 Southwest Capitol Highway in the Portland, OR market. The building was sold for $5,700,000, translating to a price per square foot of $197. Recent upgrades to the asset include a new roof and remodeled amenities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,700,000
• Square Footage: 29,000
• Price per Square Foot: $197
• Buyer’s Representatives: Raymond Duchek & Thomas McDowell - Norris & Stevens
• Seller’s Representatives: Sean D. McCarthy & Steve Bowers - Kidder Mathews

The deal was facilitated by the brokerage firm Norris & Stevens, represented by Raymond Duchek and Thomas McDowell for the buyer. On the selling side, the transaction was brokered by Sean D. McCarthy and Steve Bowers from Kidder Mathews, highlighting the involvement of distinct parties in this significant property transaction.