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15910 Northeast Sandy Boule...

CBRE Brokers Josh McDonald, Joe Nydahl, And Phil Oester Sell 144-Unit Multifamily Property For $36M In Portland, Oregon
SOLDMultiFamily

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

Joe Nydahl

CBRE

Broker

$666.3M

vol

13 deals

Broker

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

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93