Albany, OR- Matthews Real Estate Investment Services™, the nation’s fastest-growing real estate firm, is pleased to announce the sale of a Fresenius Medical Care building, located at 605 NW Hickory St, Albany, OR. The transaction was brokered by Matthews™ Associates Tom Aragone, Nick Kaye, and Associate Vice President Wesley Connolly.
The seller, a repeat Matthews™ client, was looking to execute a 1031 Exchange to capitalize on equity growth and diversify their portfolio. Matthews™ brokers were able to secure a buyer through a previous working relationship and successful transaction.
“Our client had an off-market buyer fall out of escrow on this property, but by using our Matthews™ resources and comprehensive database, we were able to find a new buyer who was able to execute quickly,” said Aragone.
The closing represents the highest price per square foot for a Fresenius Medical Care property sold in the state of Oregon in the past 10 years, according to CoStar. Utilizing their experience and extensive business relationships, Matthews™ completed the off-market, all-cash deal in a quick 60-day close.
“Our previous relationship with the buyer allowed for a fast and easy transaction for our seller,” said Connolly. “With the limited on-market inventory, it’s essential that we use the Matthews™ shared database of qualified buyers to serve our clientele to the best of our ability. Both the buyer and seller were pleased with the outcome.”
For more information regarding this sale or if you have any other questions related to investment sales, please reach out to Tom Aragone, Nick Kaye and Wesley Connolly. To view current listings, please visit www.matthews.com.
Matthews Real Estate Investments Services™, the nation’s fastest-growing commercial real estate brokerage firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 300 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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