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11/12/24
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Sonder Fields, a newly built, 180-unit community in Happy Valley, OR, traded hands in a $58.25 mil ($323.6k/unit) transaction. The property is located at 14798 SE Parklane Dr, roughly nine miles southeast of Portland.
Sonder Fields, built in 2023, spans 9.95 acres and offers one-, two- and three-bedroom units with an average size of 972 sf. Residents enjoy luxury features such as stainless-steel appliances, shaker cabinets, LVP flooring, Calcutta quartz countertops, deep basin kitchen sink, under cabinet lighting, large kitchen island, nine-foot ceilings and LATCH keyless entry. Community amenities include a 24-hour fitness center, dog park, clubhouse lounge, saltwater pool, hot tub, barbecue picnic areas, and private co-working spaces.
Sonder Fields offers residents easy access to I-205 and proximity to major retail centers such as Clackamas Town Center and Happy Valley Crossroads. The community benefits from connectivity to employment hubs like the Portland Central Business District and Kaiser Sunnyside Medical Center, ensuring convenience to key job centers. Additionally, the Clackamas Town Center Transit Center and nearby bus line 155 provide excellent public transportation access throughout the Portland MSA.
Ira Virden, Carrie Kahn and Frank Solorzano with JLL Capital Market represented the seller, Cobalt.
Happy Valley is Oregon's fastest-growing city with a 28% population increase from 2018 to 2023. The town offers a strong economy with access to major employers and outdoor recreation. Happy Valley’s blend of suburban charm and urban conveniences makes it attractive for residents and investors alike.
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