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A warehouse near Portland International Airport has sold for $8 million.

The warehouse at 5825 N.E. Skyport Way is 100 percent leased to a single tenant: Silver Eagle Manufacturing, a maker of heavy-duty vehicle trailers.

The buyer was Adler Realty Investments, a commercial real estate investment company based in the Los Angeles area. The seller was Ederer Properties II. No company of that name was found in Oregon Secretary of State corporate records.

The 77,960-square-foot warehouse also has 7,000 square feet of office space. The facility occupies 6.21 acres, and is close to interstates 5 and 205.

Kidder Mathews brokers Scott聽Murphy, Zach聽Francis and Karla Hansen represented both parties in the transaction.

鈥淭he buyer was looking to buy an industrial building in Portland for the last two years,鈥� Murphy stated in a news release. 鈥淭he inventory has been very low with high barriers to entry for these types of properties. This was one of only a few industrial investment sales between $5 million and $10 million in the past year.鈥�

Capitalization rates remain compressed, Murphy stated.

Portland’s industrial market remains hot, with 1.3 million square feet absorbed during the second quarter, according to a Cushman & Wakefield report. Rents have escalated as well, reaching $0.73 per square foot, according to the firm.