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September 20, 2019
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PACIFIC NORTHWEST NEWS
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Cottage Grove, OR Retail Asset Trades at $385/sf

7/12/19

A 14.8k sf retail property located in central Oregonís Cottage Grove community traded hands for $5.7 mil, or $385/sf. The property is located at 1704 E Main St, just west of I-5.

Walgreens currently occupies the property with 15 remaining years on its existing long-term lease. With this agreement in place, the new ownership is expected to benefit from tenant stability and a passive, high-yield investment opportunity.

Jon Busse and David Kotansky of Colliers International represented the seller, Hone Investments LLC. Jeff Miller of First Commercial Real Estate Services repped the buyer, West Plaza LLC.




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