facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Oregon

/

Office

/

Sale

/

4621 South Kelly Avenue

Victoria FLLLP Acquires The Kelly Building In Portland For $1.05M
SOLDOffice

Victoria FLLLP Acquires The Kelly Building In Portland For $1.05M

4621 South Kelly Avenue

$1,050,000

$345/SF

Building Size

3,042 SF

Asset Type

Office

Closing

Apr 10, 2024

AI

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:

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.

Players

Todd VanDomelen

Norris & Stevens

Broker

$14.8M

vol

5 deals

Broker

Portland 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93