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
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