Bronko LLC Acquires Industrial Property In Portland, OR For $2.6M
615 Southeast Clay Street Portland, Oregon 97214, USA
$2,600,000
Building Size
—
Asset Type
Industrial
Closing
Jun 16, 2023
AI
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.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93