SOLD
Elks Lodge Sells Portland Hotel For $2.1M
16321 Southeast Stark Street, Portland, Oregon 97233, United States
See Similar DealsHotel14,869 SF
Sold
Summary
OREGON
Asset Type:Hotel
Price Per Square Foot:$141
Total Square Footage:14869 SF
Transaction Type:Sale
The property involved in the sale is a hotel located at 16321 SE Stark St in Portland, OR. The property sits on approximately 2.3 acres of land. The sale was completed on 08/17/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $2,100,000
- Square Footage: 14,869
- Price per Square Foot: $141
- Address: 16321 SE Stark St, Portland, OR
- Market: Portland, OR
The seller of the property was the Benevolent & Protective Order of Elks of The United States of America. The transaction was facilitated by brokers Greg Nesting and Gabe Schnitzer from Norris & Stevens.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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