H.N. Cox Development Sells Premium Redevelopment Site in Portland
Aspen Capital, a Portland-based, privately owned merchant bank active in hospitality, real estate, distressed securities, and loan acquisitions, acquired the 3030 Building at 3030 SW Moody Ave. in Portland, OR for $5.5 million in cash plus additional assets.
The current two-story office building totals 38,736 square feet and is situated on 2.77 acres. The property was purchased for eventual redevelopment with the extension of the Portland street car system and further development at the neighboring Oregon State Science and Health University.
There were no outside brokers involved in the direct sale.
Please see CoStar COMPS #2314554 for more information on this transaction.