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September 19, 2019
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Oregon Medical Office Building Snagged by a Private Investor for $10.75 Mil

8/23/19

Wilsonville Medical Plaza, a 24.1k sf medical office building in the Portland-area community of Wilsonville, OR, has sold for $10.75 mil ($446/sf). The asset was acquired in an all-cash transaction by a private investor in a 1031 exchange.

Constructed in 2009, Wilsonville Medical Plaza serves as a strategic outpatient medical center for both Providence Health (Moody’s: Aa3) and Sports Medicine Oregon (SMO). The building is located on 2.25 acres at 29345 SW Town Center Loop approximately 15 miles south of downtown Portland in Wilsonville, an affluent community that is the fastest-growing suburb of Portland and the third fastest-growing city in Oregon.

The property is strategically positioned for easy access and visibility from Interstate 5, the prominent north-south freeway that connects Portland to Salem. Within a mile of Wilsonville Medical Plaza, there are three well-regarded senior living communities, Brookdale Wilsonville, The Springs at Wilsonville and Portera at the Grove.

The JLL Capital Markets team representing the seller was led by Managing Director
Evan Kovac, Andrew Milne, Logan Greer, Trent Jemmett and Maria Poyer with JLL represented the seller in the deal.




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