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:
- Property Type: Office
- Transaction Amount: $1,398,000
- Address: 2316 NE Glisan Street, Portland, OR
- Market: Portland, OR
- Buyer: Meidi, LLC
- Seller: TJR, LLC
- Buyer's Representative: Andrew Galler - Realty Works Group
- Seller's Representatives: Gabe Schnitzer & Greg Nesting - Norris & Stevens
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
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