Invesco Real Estate Income Trust Inc Acquires Industrial Properties In Bend, OR & Clarksville, TN For $42M
20230 Powers Road, Bend, Oregon 97702, United States
$42,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 6, 2022
AI
A total of five industrial properties were sold in two different markets: Bend, OR and Clarksville, TN. The properties included in the sale are located at 20230 Powers Rd, 345 SE Cleveland Ave, 1280 Parkway Pl, 4351 Guthrie Hwy, and 117 Old Excell Rd. The transaction involved an industrial asset type.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $42,000,000
The buyer in this transaction was Invesco Real Estate Income Trust Inc, represented by R. Scott Dennis.
Bend Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93