In an ongoing effort to keep you apprised of recent and significant sale activity, we wanted to make you aware of an industrial park in the Clackamas area that sold for an all-time new high!
George Diamond, Nicholas Diamond, Allen Patterson, SIOR, and Scott Miller at Capacity Commercial Group are pleased to announce the closing of 7000 S. 10th Street in Ridgefield, WA. George and Nick represented the buyer while Allen and Scott represented the Seller. This 112,256 SF recent-construction warehouse property sits on 6.4 acres in the area's fastest-growing industrial park. The three occupants (national and regional operators) all have long-term leases. Completed in 2019, the asset has 9 dock doors, 3 grade doors, 3-phase 2,500 amp power, and 30' clear height. Located in a growing industrial park in the up-and-coming city of Ridgefield, the property also has ample parking in relation to its area. Truly a standout amongst new-construction industrial offerings, the property sets a strong benchmark for sales performance of industrial investments in the area. As part of the sale, The Diamond Team spearheaded an investment group to purchase the property for a strategic long-term hold. For more information, please contact: George Diamond 503.222.2178 firstname.lastname@example.org Nicholas Diamond 503.222.2655 email@example.com Allen Patterson, SIOR 503.542.4347 firstname.lastname@example.org Scott Miller 503.517.9872 email@example.com
Elliot Rask and McCoy Doerrie facilitated an exciting off-market acquisition for an 11,490 SF office and medical building in the heart of Tigard. North Point Wealth Management bought the property during a period of extremely limited supply. Thanks to the leveraged knowledge and expertise of Elliot and McCoy, North Point was able to secure a well-located facility under an SBA loan with low interest rates.
Crystal Finch Logistics, located at 7220 NE 47th Avenue in Vancouver, WA, has just hit the market. The project is expected to deliver in Q2 2023. This prime +/- 78,000 SF building with build-to-suit office.
1915 NW 26th Avenue is a divisible 1,390 SF space spanning two storefronts with the possibility to be converted into a live / work space. With high ceilings, there is also the possibility of adding a mezzanine. Retail signage opportunities, a secured and covered off-street parking space, large front windows, abundant natural light, and access to amenities along NW 23rd Avenue make this property a rare gem. It’s only a block away from a bus line and has immediate access to Hwy 30 and NW Vaughn Street.
As of the end of Q2 2021, we're seeing construction costs reaching all-time highs, lease rates continuing to increase, and land prices climbing due to a lack of supply and an abundance of demand.
With the rise of inflation due to federal COVID relief packages, landlords are considering signing new leases with annual increases tied to the Consumer Price Index (CPI) instead of the traditional 2-3% increase.
Additionally, businesses are encountering a huge challenge with a lack of skilled labor.
To learn more about the status of the Industrial Market, view our newsletter here.
Capacity Commercial Group’s very own Nicholas Diamond joined the Portland Business Journal’s 2021 Forty Under 40 list. He serves as a Partner and Principal Broker for our firm and has spent the last 16 years working with his father and mentor, George Diamond, to secure a place for himself amongst Portland commercial real estate industry. Over the course of his career, Nick has so far been involved in over 1,000 transactions totaling over $1 billion.
Nick is pictured above with his wife and two daughters enjoying all that the Pacific Northwest has to offer.
To read the full interview and learn more about Nicholas Diamond and his career, visit the Portland Business Journal website here.
July 1, 2021
Commercial real estate brokerage firm, Capacity Commercial Group LLC, has facilitated a new lease with WPC Broadway and Allen Gabriel, MD. Relocating his practice from the PeaceHealth Campus on Mill Plain, Dr. Gabriel will occupy an office at 703 Broadway, a premier 7-story, Class A office building in downtown Vancouver, Washington. Watch for coming announcements about the grand opening this Fall. "We are so excited to welcome Dr. Gabriel and his team to downtown Vancouver. They will be an influential addition to our growing and robust downtown professional and business community," said Tamara J. Fuller, CCIM, Senior Vice President at Capacity Commercial Group LLC. "We're very happy to have Dr. Gabriel join Vancouver's thriving downtown area and we know he, his team, and his clients are going to love their new space," said Eric Anderson, Vice President at Capacity Commercial Group LLC. Dr. Allen Gabriel said, "We are excited to be relocating to the Downtown Vancouver area and we are looking forward to adding our expansive services in plastic surgery and med spa. It has been an honor to serve the Vancouver / Greater Portland area for the last 13 years and we look forward to continuing these efforts in the new location." "We are happy to welcome Dr. Gabriel and his team to 703 Broadway. As one of the area's top surgeons, we are ecstatic that he chose our building to expand his practice," said Jared Watumull, Vice President of Watumull Properties. About Allen Gabriel, MD: As a board-certified plastic surgeon serving Vancouver, WA, Portland, OR, and beyond, Dr. Gabriel is adept at addressing a wide range of procedures, from cosmetic surgery to reconstruction. Dr. Gabriel is a member of the American Society of Plastic Surgeons and has honed his approach over the years to an internationally recognized level of artistry and passion for education. For more information about Allen Gabriel, MD, visit www.allengabrielmd.com. About Watumull Properties Corp.: Watumull Properties Corp. is a real estate company based in Hawaii. For more than 20 years, the company has been developing an expansive portfolio of commercial buildings strategically located throughout the Portland and Vancouver markets. For additional information, please contact J.D. Watumull at 808.971.8800. About Capacity Commercial Group LLC: Capacity Commercial Group is an owner operated private company founded in 2004 with its corporate office located in Portland, OR and a branch office in Vancouver, WA. Over the last decade, the company has been named one of the Fastest Growing Private 100 Companies by the Portland Business Journal multiple times. Information about Capacity Commercial Group is available at www.capacitycommercial.com. Media Inquiries: Tamara J. Fuller, CCIM Senior Vice President Capacity Commercial Group 360.946.4832 firstname.lastname@example.org Eric Anderson Vice President Capacity Commercial Group 360.946.4831 email@example.com