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Norris & Stevens Sell Industrial Building In Portland For $1.2M

Property Image
SOLD
$1,200,000

Oregon

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Industrial5,128 SF
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Property Image
SOLD

Norris & Stevens Sell Industrial Building In Portland For $1.2M

4123 Northeast Columbia Boulevard

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Industrial5,128 SF
Sold
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Summary

OREGON
Asset Type:Industrial
Price Per Square Foot:$234
Total Square Footage:5128 SF
Transaction Type:Sale

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:

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.

Players

Greg Nesting
6 deals$15.1M volume
BROKER

Gabe Schnitzer
Norris & Stevens
5 deals$12.8M volume
BROKER

Chase Brand
Norris & Stevens
1 deal$1.2M volume(503) 225-8491
BROKER

Details

SOLD
IMAGE: Chase Brand, Gabe Schnitzer & Greg Nesting DATE: 02/14/2024 ADDRESS: 4123 Northeast Columbia Boulevard MARKET: Portland, OR ASSET TYPE: Industrial SELLER: Creitz Marital Trust BROKERS: Chase Brand, Gabe Schnitzer & Greg Nesting - Norris & Stevens SALE PRICE: $1,200,000 SF: 5,128 ~ PPSF: $234 NOTE: Norris & Stevens, a Portland-based firm, facilitated the sale of a 5,128-square-foot industrial building at 4123 NE Columbia Blvd. in Portland from Creitz Marital Trust. Greg Nesting, Chase Brand, and Gabe Schnitzer of Norris & Stevens represented the seller in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35