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806-818 Southwest Broadway

Dr. Hadi Nouredine Acquires Jackson Tower Office Building In Portland For $3.25M
SOLDOffice

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

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.

Players

Brett Johnson

Colliers

Broker

$21M

vol

2 deals

Broker

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