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LNR Holding Acquires Industrial Buildings In Troutdale For $12.45M
SOLD
$12,450,000
Oregon
See Similar DealsIndustrial
Sold 01/11/2024
SOLD
LNR Holding Acquires Industrial Buildings In Troutdale For $12.45M
3324 Northwest Marine Drive & 3302 Northwest Marine Drive
See Similar DealsIndustrial
Sold 01/11/2024
Summary
OREGON
Asset Type:Industrial
Transaction Type:Sale
LNR Holding, LLC has acquired two industrial buildings located at 3324 and 3302 Northwest Marine Drive in Troutdale, Oregon. The transaction was completed for a sale price of $12,450,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,450,000
- Address: 3324-3302 Northwest Marine Drive
- Market: Troutdale, OR
The buyer, LNR Holding, LLC, was represented by Tim Budelman from Norris & Stevens, while the seller, JLPS, LLC, was represented by Daniel Helm from Capacity Commercial Group.
It is worth noting that the acquisition of these two industrial buildings marks a significant milestone for LNR Holding, LLC in expanding its portfolio of properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$664,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,232.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,019.35
Annual Debt Service$708,232.22
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