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Victoria FLLLP Acquires The Kelly Building In Portland For $1.05M
SOLD
$1,050,000
Oregon
See Similar DealsOffice3,042 SF
Sold 04/10/2024
SOLD
Victoria FLLLP Acquires The Kelly Building In Portland For $1.05M
4621 South Kelly Avenue
See Similar DealsOffice3,042 SF
Sold 04/10/2024
Summary
OREGON
Asset Type:Office
Price Per Square Foot:$345
Total Square Footage:3,042 SF
Transaction Type:Sale
The Kelly Building, an office asset located at 4621 South Kelly Avenue in Portland, Oregon, was sold for $1,050,000. The property spans 3,042 square feet, translating to a price per square foot of $345.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,050,000
- Address: 4621 South Kelly Avenue
- Market: Portland, OR
- Buyer: Victoria FLLLP
- Buyer's Rep: James Condon, Jason Payne & Sarah Condon - Utopia Management
- Seller's Rep: Mike Brown & Todd VanDomelen - Norris & Stevens
Victoria FLLLP successfully acquired The Kelly Building in Portland, Oregon. The buyer was represented by James Condon, Jason Payne, and Sarah Condon from Utopia Management. On the other side, the seller was represented by Mike Brown and Todd VanDomelen from Norris & Stevens.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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