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Bronko LLC Acquires Industrial Property In Portland, OR For $2.6M
SOLD
$2,600,000
Oregon
See Similar DealsIndustrial
Sold
SOLD
Bronko LLC Acquires Industrial Property In Portland, OR For $2.6M
615 Southeast Clay Street Portland, Oregon 97214, USA
See Similar DealsIndustrial
Sold
Summary
OREGON
Asset Type:Industrial
Transaction Type:Sale
Bronko LLC has acquired an industrial property located at 615-633 Southeast Clay Street & 1521 Southeast 7th Avenue in Portland, OR. The property, which encompasses an undisclosed amount of square footage, was sold by Robert R. Dickey for a price of $2,600,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,600,000
- Address: 615-633 Southeast Clay Street & 1521 Southeast 7th Avenue, Portland, OR
The transaction was facilitated by Greg Nesting and Gabe Schnitzer from Norris & Stevens, who represented the buyer, Bronko LLC, in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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