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Norris & Stevens Brokers $3.5M Milwaukie Office Sale

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.


Inside The Story

Adult & Teen Challenge Pacific NorthwestNorris & StevensMarcus & Millichap

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.

  • ◦Sale/Acquisition