Precise, a local precision grinding company with about 20 employees, has purchased the 64,400 sf industrial building at 5600 NE 121st Ave. for $4.225 million.
NAI Norris, Beggs & Simpson Senior Salesperson Garret Harper represented the buyer. The seller was Elixir Industries Inc., based in California, which manufactures aluminum extrusions and other metal fabrications.
Though the building was never on the market, Elixir was planning on closing its Vancouver facility, and Precise owner Rick Jones was looking for some expansion space. Precise will move to the building in May and use the majority of the space, while subleasing out roughly 25,000 sf.
5600 NE 121st, which is in the Orchards area, was built in the mid-‘90s and is a larger building for the Vancouver market, Harper said.
"It is great to see a local company making a significant investment and believing in its long-term growth here in Clark County," Harper said.
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