Tuesday, July 30th, 2024 July30th2024

SOLD ALERT: 17th Ave Office Building Sold for $584/SF

Published on July 30th, 2024

Sold Alerts provide potential sellers with hard-to-get comparable sale information.

 

 

Go behind the scenes with this undisclosed, off-the-record transaction that may affect the value of your commercial property:
  • 1605 17th Avenue S is a former residence that was converted into a 3,764 SF multi-tenant office building.
  • Constructed in 1975, the three-story building sits on a 7,841 SF parcel of land.
  • 2007 renovation.
  • 10 parking spaces.
  • Zoned OR20.
  • Formally occupied by the seller, Horton Group, a website designer.
  • Seven private offices, first-floor executive suite with kitchen and spacious third-floor open-office plan.
  • The property last sold in 2022 for $1,800,000.
  • Before that, in 2012, it sold for $600,000.
  • The asking price was $2,500,000.
  • The property just sold for $2,200,000…the equivalent of $584/SF.

 


Get clarity on exactly what it would look like to sell your property in today’s market.  Get your free Seller Clarity Report now.


Let the comps speak for themselves…get the 3 comparable sales most like your property.  Get your comps now.


About Beau Beach, MBA CCIM

Beau is a battle-tested Commercial Real Estate Broker, entrepreneur, author and adoring father of four.  His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is an elite commercial real estate brokerage for sellers in the Southeast.

He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.

He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.

Click to schedule a call with Beau or email to Beau@SoldbyBeachwood.com