Updated Jul 3, 2025
Reliant Group Sells Summerlinn Apartments In West Linn For $33.6M With CBRE As Brokers
400 Springtree Lane
$33,600,000
Units
94
Asset Type
MultiFamily
Closing
Jul 2, 2025
About this deal
AI
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
West Linn 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93