Updated Dec 4, 2024
Norris & Stevens Sell Industrial Building In Portland For $1.2M
4123 Northeast Columbia Boulevard
$1,200,000
$234/SF
Building Size
5,128 SF
Asset Type
Industrial
Closing
Feb 14, 2024
About this deal
AI
An industrial building spanning 5,128 square feet located at 4123 Northeast Columbia Boulevard in Portland, OR was recently sold for $1,200,000. The property was part of a transaction facilitated by Norris & Stevens, with Chase Brand, Gabe Schnitzer, and Greg Nesting representing the seller, Creitz Marital Trust.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,200,000
- SF: 5,128
- Price Per Square Foot: $234
- Address: 4123 Northeast Columbia Boulevard, Portland, OR
- Market: Portland, OR
- Seller: Creitz Marital Trust
- Brokers: Chase Brand, Gabe Schnitzer & Greg Nesting - Norris & Stevens
Norris & Stevens, a prominent Portland-based firm, played a crucial role in the sale of the industrial property. Greg Nesting, Chase Brand, and Gabe Schnitzer showcased their expertise as they represented the Creitz Marital Trust in the transaction, ensuring a successful deal for all parties involved.
On the Map
$1,200,000
$234/SF
Industrial
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Players
Portland 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93