For Sale | Crestview Crossing Apartments Listing Details & Market Data

Colliers’ Portland Multifamily Team is proud to present Crestview Crossing Apartments (The Property), an exceptional new-construction apartment community located in the highly-desired city of Newberg, Oregon in Yamhill County, the gateway to Oregon Wine Country. The Property sits prominently at the entrance to the city along Highway 99W, the main access from the Portland Metro area.  The property is characterized by its appealing low-density, garden-style construction located within walking distance of Newberg’s newest Class A Shopping Center “Crestview Crossing.” Multiple retailers including Starbucks, BedMart, T-Mobile, MOD Pizza, provide convenience and quality retail offerings. With over 4.2 acres of commercial land, parks, and walking paths, this project is sure to have something for everyone. 

Built with its residents in mind, Crestview Crossing Apartments is perfectly positioned to attract the demographic it serves. The property has been bombarded by demand from residents looking to live near where they work. The property was 85% pre-leased by attainment of certificate of occupancy. The Property consists of 32 one-bedroom/one-bath units averaging 647sf, 12 two-bedroom/two bath units averaging 917 sf, 6 three bedroom/two-bath units averaging 1,242 sf and 1 studio unit at 468 sf. A fully-amenitized community center contains the leasing office, maintenance room, a fitness center, a lounge with a big-screen TV, sofas, and a kitchenette. There are also three rental spaces available for residents in the community center. 

One of the most sought-after submarkets in Oregon, Newberg and Yamhill county have become highly sought after for their lifestyle of more rural setting within short distance to major employment centers. Known for their world class Pinot’s and boasting Oregon’s only five star resort, The Allison Inn & Spa, Newberg is a destination for those who value high quality food and beverage offerings. Self-proclaimed as a “veritable university of the senses” Newberg recently won 6th in the nation for “Small Town Food Scene” in 2023. Across the street from the subject property sits the Providence Newberg Medical Center, the regional medical facility serving all of Yamhill County.

For more information or to view the offering memorandum, visit the website.

For Sale