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Virtu Investments Sells 146-Unit Barclay Village Multifamily Property In Oregon City For $29.2M

Property Image
SOLD
$29,200,000
Josh McDonald
Joe Nydahl

Oregon

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MultiFamily
Sold 12/23/2024
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Property Image
SOLD

Virtu Investments Sells 146-Unit Barclay Village Multifamily Property In Oregon City For $29.2M

775 Cascade Street

See Similar Deals
MultiFamily
Sold 12/23/2024
Josh McDonald
Joe Nydahl
the dealplayerscompscontact
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Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involves a multifamily property located at 775 Cascade Street in Oregon City, OR. The property, known as Barclay Village, contains 146 units and was sold for $29.2 million. Built in 1987, it has been undergoing renovations since 2017 and features modern amenities such as a pool, fitness center, and clubhouse.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $29,200,000
  • Seller: Virtu Investments
  • Broker Representatives: Joe Nydahl & Josh McDonald - CBRE
  • Market: Oregon City, OR
  • Year Built: 1987
  • Units: 146
  • Renovations Start Year: 2017

Virtu Investments was the seller in this transaction, facilitating the sale through the brokerage team of Joe Nydahl and Josh McDonald from CBRE. The buyer remains undisclosed, indicating a level of confidentiality in the transaction.

Players

Joe Nydahl
CBRE
Joe Nydahl
13 deals$666.3M volume
BROKER
Josh McDonald
CBRE
Josh McDonald
12 deals$596.3M volume
BROKER

Details

SOLD
IMAGE: 12/23/2024 ADDRESS: 775 Cascade Street MARKET: Oregon City, OR ASSET TYPE: Multifamily SELLER: Virtu Investments BROKERS: Joe Nydahl & Josh McDonald - CBRE SALE PRICE: $29,200,000 NOTE: Virtu Investments has sold Barclay Village, a 146-unit multifamily property in Oregon City, for $29.2M to an undisclosed buyer. The property, built in 1987 and undergoing renovations since 2017, offers modern amenities including a pool, fitness center, and clubhouse.

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

$1,557,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$103,741.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,422.90
Annual Debt Service$1,661,074.77