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December 15, 2015

Blount Int'l Sells Milwaukie Industrial Bldg - Watumull Pays $7.5M

CoStar Group

Kate Retzinger

Honolulu-based Watumull Properties Corporation purchased the industrial facility at 3901 SE Naef Rd. in Milwakie, OR from Blount International, Inc. for $7.5 million, or about $37 per square foot.

The 205,303-square-foot building was constructed in 2003. It was vacant at the time of sale.

Steven Klein, Peter Stalick and Jeff Kiersey of Kidder Mathews represented the buyer. Niall Travers and Cayla Wardenburg of JLL represented the seller.

Please see CoStar COMPS #3460137 for more information on this transaction.

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