Paragon Properties recently completed the $2,200,000 sale of an approximately 4,505 SF office located at 12585-12587 SW 68th Avenue in Tigard, Oregon.
The Paragon Building was built in 1994 and has three units on a single level. It features plenty of parking, with 21 provided spaces at 4 per 1,000 SF. The Tigard Triangle location is surrounded by multiple shopping centers and offers easy access to both I-5 and OR-217. It is also just minutes away from the Tigard Transit Center Commuter Rail and the Hall/Nimbus Commuter Rail.
The buyer, Pahlisch Homes, was founded in 1983 with a commitment to creating lasting communities across Oregon and Washington. As a family run company, the second generation of the Pahlisch family now carry on the legacy of building and designing quality, premium homes and neighborhoods that will be enjoyed for generations to come.
Tim Budelman with Portland-based Norris & Stevens, Inc. represented the seller in the transaction. Brian Hanson and Josh Bean of Ethos Commercial Advisors LLC represented the buyer.
Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 5.9 million square feet of commercial space and 9,100 apartment units.