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4123 Northeast Columbia Bou...

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

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

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:

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

Norris & Stevens

Broker

$15.1M

vol

6 deals

Broker

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