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10487 Southwest North Dakot...

FPA Multifamily, LLC Acquires 40-Unit Multifamily In Tigard, OR For $8.02M
SOLDMultiFamily

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:

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

Greg Frick

HFO Investment Real Estate

Broker

$80.3M

vol

5 deals

Broker
FPA Multifamily
FPA MultifamilyBuyer

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