Updated Oct 29, 2024
Frith Investments 3 Acquires 3.6 ACRES Industrial Property In Portland For $7.6M
7402 Southeast Johnson Creek Boulevard, Portland, Oregon 97222, United States
$7,600,000
$217,142/SF
Building Size
35 SF
Asset Type
Industrial
Closing
Apr 17, 2023
About this deal
AI
The industrial property located at 7402-7410 SE Johnson Creek Blvd in Portland, Oregon has been sold. This property spans 3.6 acres and was sold for a total price of $7,600,000. The building on the property has a total area of 35,000 square feet. The price per square foot for this transaction comes out to be $217. The sale was finalized on January 23, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,600,000
- Location: 7402-7410 SE Johnson Creek Blvd, Portland, OR
- Size: 35,000 square feet
- Price per Square Foot: $217
The buyer of the property is Frith Investments 3. Representing them in the deal was Tyler Dean from Macadam Forbes. On the other side, Mt. Scott Industrial Park LLC was the seller, and they were represented by Nick Chessar and Scott Finney from Norris & Stevens.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93