As anticipated, the commercial market kicked into high gear in Q4 of 2020. Most folks resumed work under “the new normal”, (a phrase we never want to hear again), which meant trading assets and finding space to get their businesses moving again. Transactions varied from investments and exchanges to leases and even ranch sales. Here’s our recent transactions from Q4 2020:
Walt Ramage & Jeff Reed represented the seller in the disposition of three small multifamily assets on Dawson Drive totaling $1,475,000. This seller then exchanged into a newly constructed Starbucks in Sumner, WA.
Jenn Limoges represented the seller in the disposition of a 27-unit, multifamily new construction in Sisters. This project will provide workforce housing with the 24-unit Phase II closing in 2021. This transaction required excellent long-term planning and collaboration between the developer and the city to align garden-style apartments with the seamless Sisters aesthetic.
Walt & Jeff also represented the seller of the Dutch Bros on the south end of Hwy 97 in Redmond which closed at $1,600,000.
Walt represented the seller in the disposition of 880 recreational/timber acres in Grant County which closed at $880,000.
Jenn represented both Landlord and Tenant in leasing nearly 18,000 square feet of industrial space on Nels Anderson to local favorite, Bend Soap Company.
Walt represented the Tenant, UDI Corp in their relocation to 1950 SW Badger near Redmond Airport. UDI Corp specializes in impulse-buy supply.
Ken Streater represented the seller and Walt Ramage represented the buyer of a .78 acre lot in North Brinson Business Park which closed at $535,000 setting a high mark comp of $15.75/SF for light industrial land. The local buyer is an owner/user which will build on the property to suit their expansion needs.
Katy Haines represented the Landlord and Tenant in leasing 720 square feet to Lash & Wax, previously located in Orange County, CA. Lash & Wax specializes in teaching aestheticians how to start and grow their business as well as providing lash extension and waxing services.