ME2 Realty LLC Acquires Mountain Park Office Campus For $2.7M
412 Jefferson Parkway
$2,700,000
$167/SF
Building Size
16,085 SF
Asset Type
Office
Closing
Aug 17, 2023
About this deal
AI
ME2 Realty LLC from Pittsburgh, Pennsylvania, has acquired the Mountain Park Office Campus in Lake Oswego for about $2.7 million. The office asset, located at 412 Jefferson Parkway, spans a total of 16,085 square feet. The sale price per square foot is approximately $168. The transaction was facilitated by brokers Raymond Duchek and Thomas McDowell from Norris & Stevens.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,700,000
- Square Footage: 16,085
- Address: 412 Jefferson Parkway, Lake Oswego, OR
- Market: Lake Oswego, OR
- Buyer: ME2 Realty LLC
- Seller: Mountain Park Office Campus LLC
- Brokers: Raymond Duchek & Thomas McDowell - Norris & Stevens
ME2 Realty LLC, based in Pittsburgh, Pennsylvania, has successfully acquired the Mountain Park Office Campus in Lake Oswego. The property, located at 412 Jefferson Parkway, features a total area of 16,085 square feet. The transaction was facilitated by Raymond Duchek and Thomas McDowell of Norris & Stevens, who acted as brokers in this deal.
Players
Parkway Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93