NSW Corp Acquires Lower Burnside Lofts Multifamily Property In Portland For $14 Million

The property asset involved in the transaction is a multifamily dwelling known as Lower Burnside Lofts, consisting of 63 units located at 60 Southeast 10th Avenue in Portland, OR. The sale was completed for $14,000,000, translating to a price per unit of approximately $222,222.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $14,000,000
• Address: 60 Southeast 10th Avenue
• Market: Portland, OR
• Units: 63
• Price Per Unit: $222,222
• Buyer: NSW Corp
• Seller: Berkshire Residential Investments
• Brokers: Josh McDonald, Joe Nydahl & Matt Dodd - CBRE

In this transaction, NSW Corp acquired the property from Berkshire Residential Investments, with the deal facilitated by brokers Josh McDonald, Joe Nydahl, and Matt Dodd of CBRE, who represented both the buyer and the seller in the process.