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Lindsay Murphy Of Apex Real Estate Partners Represents Buyer In $5.3M Nursing Home Sale In Portland

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SOLD
$5,300,000

Oregon

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Nursing Home13,414 SF
Sold
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SOLD

Lindsay Murphy Of Apex Real Estate Partners Represents Buyer In $5.3M Nursing Home Sale In Portland

19909 Southeast Stark Street

See Similar Deals
Nursing Home13,414 SF
Sold
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Summary

OREGON
Asset Type:Nursing Home
Price Per Square Foot:$395
Total Square Footage:13414 SF
Transaction Type:Sale

The asset involved in this transaction is a nursing home located at 19909 Southeast Stark Street in Portland, OR. The facility, a residential care property, consists of 16 units and spans a total area of 13,414 square feet, with a price per unit of $331,250 and a price per square foot of $395. The transaction was completed at a sale price of $5,300,000.

Summary of transaction details:

  • Property Type: Nursing Home
  • Transaction Amount: $5,300,000
  • Units: 16
  • Square Footage: 13,414
  • Price Per Unit: $331,250
  • Price Per Square Foot: $395
  • Buyer's Representative: Lindsay Murphy - Apex Real Estate Partners
  • Seller's Representative: David Chatfield - Norris & Stevens

The brokerage firm Norris & Stevens facilitated the transaction, which involved the sale of the property by the Pribeagu family to an undisclosed buyer.

Players

David Chatfield
3 deals$22.1M volume(503) 225-8487
BROKER

Lindsay Murphy
Apex Real Estate Partners
1 deal$5.3M volume(503) 267-5083
BROKER

Norris & Stevens
BROKERAGE

Details

SOLD
IMAGE: 08/06/2025 ADDRESS: 19909 Southeast Stark Street MARKET: Portland, OR ASSET TYPE: Nursing Home BUYER'S REP: Lindsay Murphy - Apex Real Estate Partners SELLER'S REP: David Chatfield - Norris & Stevens SALE PRICE: $5,300,000 UNITS: 16 ~ PPU: $331,250 SF: 13,414 ~ PPSF: $395 NOTE: Norris & Stevens brokered the $5.3M sale of a 16-room residential care facility at 19909 SE Stark St. in Portland, sold by the Pribeagu family to an undisclosed buyer.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
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