Lake Oswego Executive Park, a flex industrial business park located at 5755-5795 Jean Road in Lake Oswego, Oregon, has been purchased by Diamond J Investments, LLC, a local real estate investment company, for $7,250,000. The seller, King Capital Investments, LLC, is a local entrepreneur and real estate investor. Kidder Mathews commercial real estate brokers, Zach Francis and Karla Hansen, represented both parties in the transaction.
Lake Oswego Executive Park is a three-building, 37,197 square foot business park situated on 2.26 acres, one-half mile from the I-5 interchange. It is located in the desirable city of Lake Oswego in the Portland metropolitan area.
King Capital Investment purchased the property approximately 18 months earlier for $6 million. In that brief amount of time, they were able to raise rental rates and successfully re-sell.
“This is the second time we have sold this amazing property in Lake Oswego. It is a prime example of the burgeoning investment market in the Portland Metropolitan area pre-COVID-19,” said Francis. “In a short period, we were able to produce a seven-figure profit for the seller while also satisfying the buyer’s goals and objectives in the transaction,” he said.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9.6 billion in transactions, manages over 70 million square feet of space, and conducts over 1,680 appraisals annually. For more information, visit kidder.com.
