Sold! 91 Units in Portland, OR | Sandy 51
Sandy Fifty One is a unique property built in 2022. The property features studios and one- and two-bedroom apartments. Community amenities include a resident lounge, roof deck with barbeque and fire pit, bike parking, and package storage.
The property is located just outside of the Hollywood District and along Sandy Boulevard. The address is scored as both a Walker’s and Biker’s paradise. Hollywood offers numerous dining, shopping, and entertainment options just blocks away from Sandy Fifty One. Sandy Boulevard and nearby access to Interstate 85 make it easy to move around the metro area.
High vacancy and delinquencies and management turnover presented operational challenges. Brokers Greg Frick and Rob Marton navigated complex operational challenges to achieve a successful outcome for all.
This sale to an out-of-state investor seeking to expand their Portland portfolio demonstrates our commitment to helping multifamily investors build their legacies and to the enduring appeal of the Pacific Northwest.