320 N Haskell St, Central Point, OR 97502

Scott King and Caspian Hoehne of Merit Commercial Real Estate exclusively represented both Buyer and Seller in the sale of a ±5.90 acre high-density residential development site located within the extremely popular Twin Creeks master planned community in a suburban Central Point neighborhood. The Property was the second-to-last development site available in Twin Creeks.

The Challenge: The subject property was the long-time location of a wood manufacturing facility, with remnants of multiple building’s foundations, below-grade monolithic conveyor foundation, the site of a wood-waste burner, questionable environmental conditions, a couple of awkward corners based on the shape of site, and additional development requirements based on the Transit Oriented Development zoning overlay. Additionally, the development land market was beginning to see cracks form in both price and buyer demand due to consistently increasing interest rates. 

Merit's Process: The Merit team first spent significant time prior to bringing the asset to market to fully understand the development potential and requirements of the subject site. Compiling this information into exceptional materials combined with a diverse marketing strategy targeting local, regional, and national buyer demand, successfully facilitated a relatively straightforward transaction. Direct principal outreach was the procuring cause of the sale, with the Merit team identifying, communicating, and representing the true end buyer of the site. 

The Result: The property sold for $932,500 in a seller-carry transaction in October 2024.