FPA Multifamily, LLC Acquires 40-Unit Multifamily In Tigard, OR For $8.02M
10487 Southwest North Dakota Street Portland, Oregon 97223, Usa
$8,025,000
Building Size
—
Asset Type
MultiFamily
Closing
May 1, 2023
AI
The asset involved in this transaction is a multifamily property located at 10487 Southwest North Dakota Street in Tigard, OR. The sale was completed for $8,025,000, and the property comprises 40 units, resulting in a price per unit of $200,625.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,025,000
- Units: 40
- Price per Unit: $200,625
- Buyer: FPA Multifamily, LLC
- Brokers: Cody Hagerman, Greg Frick & Rob Marton - HFO Investment Real Estate
The transaction was facilitated by brokers Cody Hagerman, Greg Frick, and Rob Marton, who represent HFO Investment Real Estate. Their involvement was crucial in bringing together the buyer, FPA Multifamily, LLC, for this deal.
Players
Portland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93