CBRE Brokers Josh McDonald, Joe Nydahl, And Phil Oester Sell 144-Unit Multifamily Property For $36M In Portland, Oregon
15910 Northeast Sandy Boulevard, Portland, Oregon 97230, United States
$36,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 24, 2022
AI
The multifamily property located at 15910 NE Sandy Blvd in Portland, OR was recently sold in a closed transaction. The sale was facilitated by Josh McDonald, Joe Nydahl, and Phil Oester of CBRE. The property consists of 144 units, with each unit having a price per unit (PPU) of $250,000. The total sale price for the property was $36,000,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Address: 15910 NE Sandy Blvd, Portland, OR
- Market: Portland, OR
Josh McDonald, Joe Nydahl, and Phil Oester from CBRE played a key role in facilitating the sale of this multifamily property. They represented the parties involved in the transaction and ensured a successful deal.
Players
Portland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93