Allen Properties Acquires Office In Lake Oswego From GWG Real Estate, LLC
4350 Galewood Street, Lake Oswego, Oregon 97035, United States
$6,350,000
$197/SF
Building Size
32,150 SF
Asset Type
Office
Closing
Sep 7, 2022
AI
The office property located at 4350 Galewood Street in Lake Oswego, OR has been sold. The transaction was facilitated by brokers Zach Francis, Karla Hansen, Chris Dowhaniuk, and Carter McFarland from Kidder Matthews. The property was purchased by Allen Properties from the seller, GWG Real Estate, LLC, for a total price of $6,350,000. The office space spans a total of 32,150 square feet, resulting in a price per square foot of $198.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,350,000
- Address: 4350 Galewood Street
- Market: Lake Oswego, OR
- Brokers: Zach Francis, Karla Hansen, Chris Dowhaniuk, and Carter McFarland - Kidder Matthews
Allen Properties successfully acquired the office property located at 4350 Galewood Street in Lake Oswego, OR. The deal was made possible with the assistance of brokers Zach Francis, Karla Hansen, Chris Dowhaniuk, and Carter McFarland from Kidder Matthews. This transaction highlights the ongoing activity and investment opportunities in the Lake Oswego office market.
Players
Lake Oswego 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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93