Crown Point Real Estate Acquires 85-Unit Multifamily Property From Pathfinder Partners For $18.85M

The transaction involved the sale of an 85-unit apartment complex located at 5745 Southwest Oleson Road in Portland, OR, designated as a multi-family asset. The property, known as Habitat, was sold for $18,850,000, encompassing a total size of 67,321 square feet, resulting in a price per square foot of $280 and a price per unit of $221,765.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $18,850,000
• Square Footage: 67,321
• Address: 5745 Southwest Oleson Road
• Market: Portland, OR
• Units: 85
• Price per Square Foot: $280
• Price per Unit: $221,765
• Buyer: Crown Point Real Estate
• Seller: Pathfinder Partners
• Brokerage: Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon & Nick Ruggiero - Institutional Property Advisors
• Mortgage Brokers: Brian Eisendrath, Cameron Chalfant & Jake Vitta - Institutional Property Advisors

Institutional Property Advisors (IPA) facilitated the transaction, overseeing both the sale and financing of the property. The brokers involved played a key role in the deal, representing the buyer and seller throughout the process.