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

Property Image
SOLD
$1,398,000
Gabe Schnitzer
+ 1

Oregon

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Office5,140 SF
Sold
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Property Image
SOLD

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

2316 Northeast Glisan Street Portland, Oregon 97232, USA

See Similar Deals
Office5,140 SF
Sold
Gabe Schnitzer
+ 1
Contact now

Summary

OREGON
Asset Type:Office
Price Per Square Foot:$272
Total Square Footage:5140 SF
Transaction Type:Sale

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
6 deals$15.1M volume
BROKER

Gabe Schnitzer
Norris & Stevens
5 deals$12.8M volume
BROKER


1 deal$1.4M volume
BROKER

Details

SOLD
IMAGE: Greg Nesting, Gabe Schnitzer, & Andrew Galler DATE: 08/11/2023 ADDRESS: 2316 NE Glisan Street MARKET: Portland, OR ASSET TYPE: Office BUYER: Meidi, LLC SELLER: TJR, LLC BUYER'S REP: Andrew Galler - Realty Works Group SELLER'S REP: Gabe Schnitzer & Greg Nesting - Norris & Stevens SALE PRICE: $1,398,000 SF: 5,140 ~ PPSF: $272 NOTE: Meidi, LLC has successfully acquired a Portland, Oregon, industrial and office building at 2316 NE Glisan Street for $1.398 million.

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

$74,560.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,966.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,627.23
Annual Debt Service$79,526.80