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Colliers Facilitates $12.3M Sale of Longview Industrial Parcels

Colliers Facilitates $12.3M Sale of Longview Industrial Parcels

An undisclosed west coast-based pipe manufacturer has acquired 3500 Hoehne Avenue, a 38-acre industrial property in Longview, WA for $12.3 million. Colliers’ Brian Yoakum and Jerry Matson represented the seller, NWM Properties, LLC in the transaction.

The property is comprised of two land parcels, both about 19-acres, with seven stand-alone buildings totaling nearly 75,000 square feet of warehouse, storage and office space. The asset features direct access to the I-5 corridor, allowing connection to key markets in Oregon, Washington, Canada and California.

“We’re seeing a growing trend in which owner-occupiers are more frequent front-runners for larger industrial acquisitions, because of their ability to purchase with cash,” said Yoakum in a news release. “This is a big change, from even just a few months ago, and dictates the way large industrial sites are marketed and sold. It also allows users more opportunity to acquire strategically located property in a highly competitive market.”


Inside The Story

Colliers' Brian Yoakum

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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