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2316 Northeast Glisan Stree...

Meidi, LLC Acquires Office Building At 2316 NE Glisan Street In Portland, Oregon For $1.398M
SOLDOffice

Meidi, LLC Acquires Office Building At 2316 NE Glisan Street In Portland, Oregon For $1.398M

2316 Northeast Glisan Street Portland, Oregon 97232, USA

$1,398,000

$272/SF

Building Size

5,140 SF

Asset Type

Office

Closing

Aug 11, 2023

AI

Meidi, LLC has successfully acquired a Portland, Oregon, industrial and office building located at 2316 NE Glisan Street. The transaction was completed for a total sale price of $1,398,000. The property spans a total area of 5,140 square feet, resulting in a price per square foot of $272.

Summary of transaction details:

Andrew Galler from Realty Works Group served as the buyer's representative in this transaction. Meanwhile, Gabe Schnitzer and Greg Nesting from Norris & Stevens represented the seller. The deal successfully closed on the specified date, marking Meidi, LLC's acquisition of the industrial and office building in Portland.

Players

Greg Nesting

Norris & Stevens

Broker

$15.1M

vol

6 deals

Broker

Portland Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.35%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93