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Intercontinental Real Estate Corporation And ScanlanKemperBard Acquire Retail Center In Tigard For $25.25M
SOLD
$25,250,000
Oregon
See Similar DealsRetail86,636 SF
Sold 12/22/2025
SOLD
Intercontinental Real Estate Corporation And ScanlanKemperBard Acquire Retail Center In Tigard For $25.25M
10250 Southwest Washington Drive
See Similar DealsRetail86,636 SF
Sold 12/22/2025
Summary
OREGON
Asset Type:Retail
Price Per Square Foot:$291
Total Square Footage:86,636 SF
Transaction Type:Sale
The asset involved in this transaction is a retail center located at 10250 Southwest Washington Drive, Portland, OR. The sale was completed for a price of $25,250,000, and the property spans a total area of 86,636 square feet, equating to a price per square foot of $291.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25,250,000
- Address: 10250 Southwest Washington Drive
- Market: Portland, OR
- Square Footage: 86,636
- Price Per Square Foot: $291
- Buyer: Peter Palandjian - Intercontinental Real Estate Corporation & ScanlanKemperBard Companies
- Seller: PPR Square Too
Peter Palandjian, representing both Intercontinental Real Estate Corporation and ScanlanKemperBard Companies, is involved in the acquisition. The aim of the buyers is to reposition the Washington Square II retail center through renovations, leasing initiatives, and capital improvements.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,346,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$89,707.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$119,697.88
Annual Debt Service$1,436,374.58
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