WILSONVILLE, OR—Canyon Creek, a 372-unit, garden-style multi-housing community here has been acquired by Aukum Management LLC, of Menlo Park, CA, a deal reported exclusively in Globe St.
Holliday Fenoglio Fowler, L.P. closed the sale after marketing the asset on behalf of the seller, a private investor. Aukum bought Canyon Creek free and clear of existing debt.
The propety is about 16 miles south of downtown Portland on a 29.76-acre site at 26310 SW Canyon Creek Road near major area highway and public transportation arteries such as Interstate 5 and the Westside Express Service commuter rail. The property is 95.7% leased and has units averaging approximately 858 square feet each. Community amenities include a swimming pool, hot tub, fitness center, playground, clubhouse and business center.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
