2775 SW 17th Place Redmond, OR 97756

Scott King of Merit Commercial Real Estate represented the Seller in the sale of 2775 SW 17th Place - a ±3,268 fully leased medical clinic in Redmond. The Property featured great access to Hwy 97, including on-site private parking within an established professional medical area. 

‍The Challenge: The sale of the Property faced some challenges within the transaction including negotiations involving deferred maintenance during escrow. Additional complexity within the transaction stemmed from the sale’s 1031 exchange terms which shortened timelines substantially. Merit’s specialized knowledge and experience with commercial sales and multifaceted deal structures helped mitigate transactional challenges faced during the sale.

‍Merit's Process: Merit Commercial Real Estate used a straightforward process for marketing the Property and capturing a large pool of potential buyers within the small scale market. The many positives of the building - including favorable market conditions, stable cash-flow, and central location led to a straightforward sale despite some transactional setbacks.

‍The Result: The transaction closed on 11/23/2023 for $1,785,000 after 33 days on market.

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