Northeast Portland industrial park fetches $24.5 million

By: Hilary Dorsey//February 6, 2024//

Airport Way Corporate Park, in Northeast Portland (outlined in yellow), currently has 15 tenants. (courtesy of CBRE)

Northeast Portland industrial park fetches $24.5 million

Hilary Dorsey//February 6, 2024//

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A three-building, 140,693-square-foot industrial park in Portland has sold for $24.5 million.

BKM Capital Partners purchased the buildings, which are located at 12021 N.E. Airport Way and 12055 and 12067 N.E. Glenn Widing Drive.

CBRE arranged the sale of Airport Way Corporate Park. Paige Morgan and Brett Hartzell, along with local market expert Cara Nolan, represented the seller, which is identified in Multnomah County records as Stockbridge Airport Way LLC.

The industrial buildings are operated as a multi-tenant park. They were 97 percent leased at the time of sale to 15 tenants representing five industries.

The park is in Portland鈥檚 Northeast submarket, less than a mile from Interstate 205 and two miles from Portland International Airport and Interstate 84.