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4350 Galewood Street, Lake ...

Allen Properties Acquires Office In Lake Oswego From GWG Real Estate, LLC
SOLDOffice

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

Zach Francis

Kidder Mathews

Broker

$80.4M

vol

4 deals

Broker
AP
Allen PropertiesBuyer

Lake Oswego Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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