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CBRE Sells Axletree Apartments In Milwaukie Oregon For $28 Million With Joe Nydahl And Josh McDonald
SOLD
$28,000,000
Oregon
See Similar DealsRetail
Sold 07/24/2025
SOLD
CBRE Sells Axletree Apartments In Milwaukie Oregon For $28 Million With Joe Nydahl And Josh McDonald
11125 Southeast 21st Avenue
See Similar DealsRetail
Sold 07/24/2025
Summary
OREGON
Asset Type:Retail
Transaction Type:Sale
The transaction involved the sale of Axletree Apartments, a retail asset located at 11125 Southeast 21st Avenue in Milwaukie, OR. The property consists of 110 units and was constructed in 2019. The sale was completed for a price of $28,000,000, which equates to a price per unit of $254,545.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $28,000,000
- Units: 110
- Price Per Unit: $254,545
- Address: 11125 Southeast 21st Avenue
- Market: Milwaukie, OR
Joe Nydahl and Josh McDonald from CBRE represented the seller in this transaction, facilitating the sale from a private owner to an undisclosed buyer. CBRE was instrumental in the arrangement of the sale, ensuring a smooth transaction process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,493,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42
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