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9348 North Peninsular Avenue

Anlekus LLC Acquires Industrial Facility From Miscoe Properties LLC For $2.3M In Portland
SOLDIndustrial

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

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.

Players

Greg Nesting

Norris & Stevens

Broker

$15.1M

vol

6 deals

Broker

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