LHH Property, LLC recently completed the $4,550,000 purchase of an approximately 22,612 square foot, 38-unit assisted living center at 15 SE 55th Avenue and 5420 E. Burnside Street in Portland, Oregon.
Laurelhurst House is a three story assisted living center located in the core of the Laurelhurst neighborhood, built in 2000 and sold by the original developer. The property was 100% leased.
Todd VanDomelen and David Chatfield with Portland-based Norris & Stevens, Inc. represented the seller, Laurelhurst House, LLC, 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.