Dr. Hadi Nouredine Acquires Jackson Tower Office Building In Portland For $3.25M
806-818 Southwest Broadway
$3,250,000
$60/SF
Building Size
53,700 SF
Asset Type
Office
Closing
Jul 29, 2026
About this deal
AI
The property involved in this transaction is a historic office building located at 806-818 Southwest Broadway in downtown Portland, OR. It spans approximately 53,700 square feet and was sold for $3,250,000, translating to a price per square foot of $61. The asset was previously sold for $7.45 million in 2023 before the recent sale.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,250,000
- Address: 806-818 Southwest Broadway
- Market: Portland, OR
- Square Footage: 53,700
- Price Per Square Foot: $61
- Buyer: Dr. Hadi Nouredine
- Seller: CRP Properties
- Brokers: Brett Johnson & Chris Johnson - Colliers
- Sale Date: 07/29/2026
The transaction was facilitated by brokers Brett Johnson and Chris Johnson, who represented the seller, CRP Properties. This deal highlights the involvement of key individuals in the brokerage firm, Colliers, which assisted in navigating the complexities of this commercial real estate transaction.
On the Map
$3,250,000
$60/SF
Office
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Players
Broadway 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93