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

Property Image
SOLD
$14,000,000
Josh McDonald
Joe Nydahl
Matt Dodd

Oregon

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MultiFamily
Sold 11/26/2025
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Property Image
SOLD

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

60 Southeast 10th Avenue

See Similar Deals
MultiFamily
Sold 11/26/2025
Josh McDonald
Joe Nydahl
Matt Dodd
the dealplayerscompscontact
Contact now

Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Joe Nydahl
CBRE
Joe Nydahl
13 deals$666.3M volume
BROKER
Josh McDonald
CBRE
Josh McDonald
12 deals$596.3M volume
BROKER
Matt Dodd
CBRE
Matt Dodd
2 deals$47.6M volume(503) 221-4888
BROKER
CBRE
CBRE
BROKERAGE
Berkshire Residential Investments
Berkshire Residential Investments
SELLER

Details

SOLD
IMAGE: 11/26/2025 ADDRESS: 60 Southeast 10th Avenue MARKET: Portland, OR ASSET TYPE: MultiFamily BUYER: NSW Corp SELLER: Berkshire Residential Investments BROKERS: Josh McDonald, Joe Nydahl & Matt Dodd - CBRE SALE PRICE: $14,000,000 UNITS: 63 ~ PPU: $222,222 NOTE: NSW Corp. has acquired Lower Burnside Lofts, a 63-unit multifamily property in Portland’s Buckman neighborhood, from Berkshire Residential Investments for $14 million. The property features modern amenities and eco-friendly design, with CBRE’s Josh McDonald, Joe Nydahl, and Matt Dodd brokering the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71