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Portland Retail Bldg Trades for $3.1M

Raymond Group Acquires Hotel Development Site
August 30, 2013
A private trust sold the 18,000-square-foot retail building at 338 NW 9th Ave. in Portland, OR to The Raymond Group for $3.125 million, or approximately $174 per square foot.

The Raymond Group purchased this property and the adjacent lot at 821-835 NE Everett St. as part of its plans to construct a new 10-story Hampton Inn at the location in Multnomah County.

Steve Johnson of RE/MAX International, Inc. represented the seller. Ed Dundon of the Dundon Company represented the buyer.

Please see CoStar COMPS #2794549 for more information on this transaction.

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