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Capstone Partners & PCCP Sell Grant Park Village Quimby Multifamily For $30.7 Million
SOLD
Oregon
See Similar DealsMultiFamily
Sold 04/28/2026
SOLD
Capstone Partners & PCCP Sell Grant Park Village Quimby Multifamily For $30.7 Million
1580 Northeast 32nd Avenue
See Similar DealsMultiFamily
Sold 04/28/2026
Summary
OREGON
Asset Type:MultiFamily
Transaction Type:Sale
A 161-unit multifamily property located at 1580 Northeast 32nd Avenue in Portland, OR, was sold for $30,700,000. The property has a price per unit (PPU) of $190,683 and features prominent characteristics suitable for multifamily living.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,700,000
- Seller: Capstone Partners & PCCP
- Buyer: Laurel Property Group
- Brokers: Joe Nydahl & Josh McDonald - CBRE
- Mortgage Brokers: Scott Williams & Bryan Johnson - CBRE
- Units: 161
The sale involved Capstone Partners and PCCP as sellers, with CBRE facilitating both brokerage and financing through agents Joe Nydahl and Josh McDonald for the property, thereby ensuring a smooth transaction process for all parties involved.
Players
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,637,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$109,070.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$145,533.66
Annual Debt Service$1,746,403.95
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