Bill Naito Company recently completed the $10,250,000 purchase of an approximately 42,078 square foot office building at 501 SE Columbia Shores Boulevard in Vancouver, Washington.
The building is situated on approximately 4 acres of land east of I-5 and within three blocks of the Columbia River. The property is currently 100% occupied with 4 tenants. The major tenants are Franz Bakery and Waste Connections.
Raymond Duchek and Thomas McDowell with Portland-based Norris & Stevens, Inc. represented Bill Naito Company in the transaction.
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 million square feet of commercial space and 9,000 apartment units.