August 27, 2019 Comments Off on Portland-Area MOB Sold for $11M Views: 384 Portland, Seattle & Pacific Northwest News

Portland-Area MOB Sold for $11M

Wilsonville Medical Plaza, a 24,057-square-foot medical office building in the Portland-area community of Wilsonville, OR, has traded hands for $10.75 million. JLL marketed the property on behalf of the unnamed seller.

A private investor in a 1031 exchange emerged through a highly-competitive sale process and purchased the medical office property in an all-cash transaction. The transaction completes a two-property portfolio sale that included Tigard Medical Plaza, for a combined purchase price of $25.25 million.

Constructed in 2009, Wilsonville Medical Plaza serves as a strategic outpatient medical center for both Providence Health and Sports Medicine Oregon. The building is located on 2.25 acres at 29345 SW Town Center Loop, roughly 15 miles south of downtown Portland.

JLL’s Evan Kovac, Andrew Milne, Logan Greer, Trent Jemmett and Maria Poyer represented the seller.

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