Portland · Commercial sale
Exchange Bank buys 7000 SE Milwaukie Ave in Portland for $3.52 million
A bank building at 7000 SE Milwaukie Ave, Portland sold for $3,525,000 on September 2, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $3,525,000
- Sold
- September 2, 2026
- Property type
- Bank building
- Building area
- 3,444 sq ft
- Price per sq ft
- $1,024
- Year built
- 1972
The bank building at 7000 SE Milwaukie Ave in Portland sold for $3,525,000 on September 2, 2026, according to the Multnomah County Assessor's sales records. That price was 59% above the recorded market value of $2,211,720, the Assessor's records show.
The record lists Exchange Bank as the buyer.
Assessor's records list 3,444 square feet of building area, a 1972 construction date and a 20,000-square-foot lot. The sale price works out to $1,024 per square foot.
What this sale costs to close
What does closing cost at this price? Under Multnomah County custom the seller's larger charges are $7,545 for the owner's title insurance policy and $650 for the escrow fee. The seller's estimated net is $3,511,182 before brokerage commissions and any loan payoff. A cash buyer would need about $3,520,183 at closing.
Source: Multnomah County Assessor, via PortlandMaps taxlots, document R303672-20260902. Property details: Multnomah County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
