Updated Dec 4, 2024
William Brooks Of B&E Brokers $32.5M Sale Of FedEx Facility In Portland's Swan Island
6447 North Cutter Circle
$32,500,000
Building Size
—
Asset Type
Industrial
Closing
Jun 3, 2024
About this deal
AI
The $32.5 million sale of a FedEx Ground distribution facility in Portland's Swan Island Industrial Park at 6447 North Cutter Circle marks a significant transaction setting the 2024 benchmark cap rate for FedEx in the area.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $32,500,000
- Address: 6447 North Cutter Circle
- Market: Portland, OR
- Broker: William Brooks - B+E
William Brooks from B+E played a pivotal role in brokering the deal, facilitating the $32.5 million sale of the FedEx Ground distribution facility. The transaction underscores the expertise and market knowledge of the involved parties, solidifying their positions in the industrial property sector.
On the Map
$32,500,000
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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93