Updated Feb 4, 2025
Anlekus LLC Acquires Industrial Facility From Miscoe Properties LLC For $2.3M In Portland
9348 North Peninsular Avenue
$2,300,000
$30/SF
Building Size
75,000 SF
Asset Type
Industrial
Closing
Feb 4, 2025
About this deal
AI
Anlekus LLC acquired an industrial facility located at 9348 North Peninsular Avenue in Portland, OR. The sale price was $2,300,000 for a total area of 75,000 square feet, resulting in a price per square foot of $31. The facility, constructed in 1932, features a main building, maintenance building, and two outbuildings, which were previously utilized for food production and storage.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Buyer: Anlekus LLC
- Seller: Miscoe Properties LLC
- Broker: Greg Nesting - Norris & Stevens
- Square Footage: 75,000
- Price Per Square Foot: $31
The transaction was facilitated by Greg Nesting, representing Norris & Stevens, which managed the sale from Miscoe Properties LLC to Anlekus LLC. The deal showcases the involvement of a well-known brokerage in the industrial sector, highlighting their role in the completion of this transaction.
On the Map
$2,300,000
$30/SF
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93