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Reliant Group Sells Summerlinn Apartments In West Linn For $33.6M With CBRE As Brokers
SOLD
$33,600,000
Oregon
See Similar DealsMultiFamily
Sold 07/02/2025
SOLD
Reliant Group Sells Summerlinn Apartments In West Linn For $33.6M With CBRE As Brokers
400 Springtree Lane
See Similar DealsMultiFamily
Sold 07/02/2025
Summary
OREGON
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily asset involved in the transaction is located at 400 Springtree Lane, West Linn, OR. This property spans 6 acres and comprises 94 residential units, with a price per unit of $357,447. The sale price of the property was $33,600,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $33,600,000
- Address: 400 Springtree Lane
- Market: West Linn, OR
- Acres: 6
- Units: 94
- Price Per Unit: $357,447
- Seller: Reliant Group
- Brokerage: CBRE
- Brokers: Josh McDonald, Joe Nydahl & Matt Dodd
CBRE facilitated the transaction involving the sale of Summerlinn Apartments, representing the seller, Reliant Group, in the process. The property features a clubhouse, pool, sports court, and various community amenities.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,792,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$119,373.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,281.14
Annual Debt Service$1,911,373.70
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