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PORTLAND, OR – JLL Capital
Markets has arranged the $58.25 million sale of Sonder Fields, a
newly built, 180-unit community in Happy Valley, Oregon.
JLL worked on behalf of
the seller, Cobalt, to facilitate the sale.
Located at 14798 SE
Parklane Dr., Sonder Fields offers residents easy access to I-205 and
proximity to major retail centers such as Clackamas Town Center and
Happy Valley Crossroads.
 | | Sonder Fields, a newly built, 180-unit community in Happy Valley, OR |
The community benefits from connectivity to
employment hubs like the Portland Central Business District and Kaiser
Sunnyside Medical Center, ensuring convenience to key job centers.
Additionally, the Clackamas Town Center Transit Center and
nearby bus line 155 provide excellent public transportation access
throughout the Portland MSA.
 | | Ira Virden |
Happy Valley, located
just nine miles southeast of Portland, is Oregon's fastest-growing city
with a 28% population increase from 2018 to 2023. The town offers a
strong economy with access to major employers and outdoor recreation.
Happy Valley’s blend of suburban charm and urban conveniences makes it
attractive for residents and investors alike.
 | | Frank Solorzano. |
Sonder Fields
distinguishes itself in a submarket with supply constraints and
expected robust rent growth of 3.4% annually through 2028, providing a
high-quality rental alternative to homeownership where sale prices
average $755,529.
Sonder Fields, built in
2023, spans 9.95 acres and offers one-, two- and three-bedroom units
with an average size of 972 square feet.
JLL Capital Market’s
Investment and Sales Advisory team representing the seller was led by
Senior Managing Director Ira Virden, Managing Director Carrie
Kahn and Director Frank Solorzano.
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