
Norris & Stevens Brokers $3.5M Milwaukie Office Sale
Oregon-based nonprofit organization Adult & Teen Challenge Pacific Northwest has acquired 18600 SE McLoughlin Blvd., an 18,000-square-foot office building in the Portland, OR submarket of Milwaukie, OR. Norris & Stevens’ Tim Pfeiffer and Camden Muller represented the seller, Clackamas Community Federal Credit Union, in the $3.46 million deal. Marcus & Millichap’s Will Stone represented the buyer.
Adult & Teen Challenge focuses on a religious-centered model of alcohol and drug recovery. The nonprofit has over 220 recovery centers in the United States. The former Clackamas Community Federal Credit Union headquarters will be used as a medical and mental health services facility.
Constructed in 1966, the two-story property is situated on 1.25 acres, and features an elevator, T1 and CAT5 cable and 83 parking spaces. The building also has excellent visibility on SE McLoughlin Boulevard and is located in close proximity to major arterials, including Highway 43 and Interstate 205.
- ◦Sale/Acquisition