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**64,000-SF Portland Office Building Secures Acquisition Financing**
Ethos Commercial Advisors has successfully arranged acquisition financing for 1631 NW Thurman, a fully stabilized 64,000-square-foot Class A office building located at the intersection of Portland’s Pearl District and Slabtown neighborhoods. This prime location offers direct access to luxury multifamily communities, restaurants, and retail destinations.
The property, which is currently 100% occupied, delivers steady cash flow with no leasing risk through 2033. Ethos principals Daniel Natsch and Matthew Illias originated a five-year, fixed-rate loan at 70% loan-to-value (LTV) with a local credit union.
Leasing for the building is managed by Chris Johnson and Brandon Frank of Colliers. The building, originally constructed in 1908 as the Spokane Portland and Seattle Railway building, features distinct architectural details including original exposed brick and old-growth timbers. Recent renovations have updated the lobby and restrooms with modern finishes while preserving the structure’s historic charm.
The two-acre site includes a 63,590-square-foot office building along with 155 parking spaces, offering both functionality and character in one of Portland’s most vibrant urban enclaves.
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