The transaction was facilitated through the purchaser’s Kerley River Road entity, with Gabe Johansen of SMI Commercial Real Estate, LLC, representing Mr. Kerley as a principal broker, and Tyce Nelson of Nelson Commercial Real Estate, LLC, serving on behalf of the seller. The total purchase price exceeded $1 million.
The River Road Apartments complex encompasses a grouping of six units, each of them offering two bedrooms and one bath. The property additionally includes a 1,700-square-foot single-building commercial office.
This acquisition, along with that of the River Crest Apartments, broadens the reach of Commercial Property Resources in Keizer. The city is situated within the greater Salem, Oregon area, which was recently ranked among U.S. News & World Report’s 100 Best Places to Live in the country.
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