Virtu Investments Sells 146-Unit Barclay Village Multifamily Property In Oregon City For $29.2M
775 Cascade Street
$29,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 23, 2024
AI
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.
Oregon City 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
0.54%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93