Portland-Area Apartments Command Record Price
Woodburn, Ore. —A private investor has acquired the Barclay Square Apartments , a 70- unit apartment property in Woodburn, Ore., for $6.27 million, from an investor with holdings in Oregon and Washington. At $89,571 per unit, the transaction represents the highest apartment price ever recorded in the city of Woodburn. Marcus & Millichap represented both parties in the transaction. “The record price achieved here in Woodburn is a reflection of prices currently being achieved throughout Oregon’s secondary and tertiary markets,” Georgie Christensen, a multifamily specialist in Marcus & Millichap’s Portland Office , said. Located at 2377 West Hayes Street , the property totals 46, 000 square feet and offers one- and two-bedroom units. The Barclay Square Apartments feature plenty of off- street lighted parking , a fenced playground area and coin- operated laundry rooms with brand new high efficiency front -load washers. Woodburn is approximately 30 minutes outside of Portlan...