EcoFlats Mixed-Use Sold for $4.3M

PORTLAND, OR—A group of local investors paid $4.3 million for the ecoFlats Apartments, a mixed-use property with 18 apartment units and 3,700 sf of retail space in North Portland. NAI Norris, Beggs & Simpson Vice President Robert Black represented the seller, 3935 N. Williams LLC.

“This sale is significant because ecoFlats is one of the first newly constructed properties from this past building cycle to be sold,” Black said of the project, which delivered in March 2011. “This is an incredibly unique property, and its high level of sustainability and ideal location appealed to buyers.”