Updated Dec 4, 2024
Portland International Center LLC Acquires Former Walmart Building For $20M
4200 Southeast 82nd Avenue
$20,000,000
$130/SF
Building Size
153,846 SF
Asset Type
Development Site
Closing
Jan 17, 2024
About this deal
AI
Portland's retail market witnessed the recent sale of a former Walmart building at 4200 SE 82nd Ave. for $20 million to Portland International Center LLC, associated with Hoang Nguyen, Brandon Wang, and a family trust. The development site spans approximately 153,846 square feet, with a price per square foot of $130.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Address: 4200 Southeast 82nd Avenue
- Market: Portland, OR
- Buyer: Hoang Nguyen & Brandon Wang - Portland International Center LLC
- Seller: Walmart Real Estate Business Trust
- Square Footage: 153,846
- Price Per Square Foot: $130
The buyer, Portland International Center LLC, is associated with Hoang Nguyen, Brandon Wang, and a family trust. The seller of the former Walmart building is the Walmart Real Estate Business Trust.
On the Map
$20,000,000
$130/SF
Development Site
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Portland Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93