FPA Multifamily Acquires Beaverton Multifamily For $47M
14305 Southwest Sexton Mountain Drive, Beaverton, Oregon 97008, United States
$47,000,000
$962/SF
Building Size
48,822 SF
Asset Type
MultiFamily
Closing
Jan 9, 2022
AI
The multifamily property located at 14305 SW Sexton Mountain Dr. in Beaverton, OR has been sold. The transaction took place on January 10, 2022. The property consists of 137 units and was sold for a total of $47,000,000, with a price per unit of $343,065.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Units: 137
- Price Per Unit: $343,065
- Buyer: FPA Multifamily
- Seller: DB Capital Management
- Broker: Ira Virden, Carrie Kahn, & Frank Solorzano - JLL Capital Markets
The sale of this multifamily property was facilitated by Ira Virden, Carrie Kahn, and Frank Solorzano of JLL Capital Markets. They represented both the buyer, FPA Multifamily, and the seller, DB Capital Management, in the transaction.
Players
Beaverton 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93