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7/18/16
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NBP Capital paid $8.825 mil for the Boys & Girls Club site in Sellwood, a community in Southeast Portland. The 1.21-acre property was sold by the Boys & Girls Club of Portland Metro.
The property was sold on a free and clear basis. The buyer plans to develop the property into a mixed-use community featuring apartment units and retail space.
The Sellwood Boys & Girls Club site is located at 7119 SE Milwaukie Ave, at the corner of SE Ogden St and SE Milwaukie Ave in Southeast Portland. Boasting a Walk Score© of 89, the site is within close proximity to numerous boutique shops, restaurants and cafes that comprise the primarily single-family residential area. Within eight blocks of the site, sits the MAX Orange light-rail line that connects Sellwood to downtown Portland and the Oregon Health and Sciences University (OHSU) campus in Portland’s South Waterfront.
Ira Virden and Carrie Kahn of HFF represented the seller in the transaction. HFF also made a donation back to the Boys & Girls Club of Portland to fund future programs.
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