Frith Investments 3 Acquires 3.6 ACRES Industrial Property In Portland For $7.6M
SOLD
$7,600,000
Oregon
See Similar DealsIndustrial35 SF
SOLD
Frith Investments 3 Acquires 3.6 ACRES Industrial Property In Portland For $7.6M
7402 Southeast Johnson Creek Boulevard, Portland, Oregon 97222, United States
See Similar DealsIndustrial35 SF
Summary
OREGON
Asset Type:Industrial
Price Per Square Foot:$217,142
Total Square Footage:35 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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