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
About this deal
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.
On the Map
$1,398,000
$272/SF
Office
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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