Portland, OR (PRWEB) December 22, 2006
The real estate investment firm of Hagerman, Frick O'Brien (HFO), LLC recently arranged sales of the 32-unit Georgian Apartments, the 22-unit Highland Commons Apartments, and the 17-unit Broadmore Apartments.
The Georgian Apartments, located at 2024 SE Caruthers in Portland, sold for $3,700,000. This 1941 multifamily project consists of 5 studio apartments of approximately 460 sq. ft., 22 one-bedroom one-bath units averaging 662 square feet and 5 two-bedroom one-bath townhouses averaging 955 square feet. The sale represented $170 per square foot or $115,625 per unit. Rents at this close-in courtyard style apartment building ranged from $395-$995. Brokers Cody Hagerman, Greg Frick and Timothy O'Brien handled the transaction.
Highland Commons, located at 14620 SW Farmington Road in Beaverton, sold for $2,995,000. Built in 1968, the multifamily project is made up of 22 one-bedroom one-bath units averaging 600 square feet and 34 two-bedroom one-bath units averaging 865 square feet. The property comprises approximately 45,780 square feet with the sale price representing $65.42 per square foot or $53,482 per unit. Rents at time of sale ranged from $495-$600. Cody Hagerman, Greg Frick and Timothy O'Brien handled the transaction.
The Broadmore Apartments, located at 1514 NE 17th Avenue in Portland, sold for $1,360,000. This 1926 multifamily project near Lloyd Center consists of 17 one-bedroom apartments of approximately 535 sq. ft., and one two-bedroom one-bath unit with about 650 square feet. The sale represented a price of $96 per square foot or $75,556 per unit. Rents at this close-in NE location ranged from $440-$680 at the time of sale. Brokers Cody Hagerman, Greg Frick and Timothy O'Brien handled the transaction.
About HFO. HFO specializes in the sale of apartment properties throughout Oregon and Washington. Using cutting edge resources, HFO helps clients find dynamic investments and offers an insider's knowledge of the local market. It is HFO's mission to create wealth for its clients by providing extraordinary service, forging mutually beneficial, long-term relationships. Learn more http://www.hfore.com.