Daily limit: 0/10
Marcus & Millichap Sells La Grande Strip Center Retail Property In La Grande, OR For $1.6M
SOLD
$1,600,000
Oregon
See Similar DealsRetail7,448 SF
Sold 08/02/2023
SOLD
Marcus & Millichap Sells La Grande Strip Center Retail Property In La Grande, OR For $1.6M
11621 Island Avenue La Grande, OR 97850, USA
See Similar DealsRetail7,448 SF
Sold 08/02/2023
Summary
OREGON
Asset Type:Retail
Price Per Square Foot:$214
Total Square Footage:7,448 SF
Transaction Type:Sale
La Grande Strip Center, a retail property located at 11621 Island Ave in La Grande, OR, has been sold for $1,600,000. The property spans across 7,448 square feet, resulting in a price per square foot of $215.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 11621 Island Ave, La Grande, OR
- Market: La Grande, OR
- Broker: Eric M. Garske - Marcus & Millichap
- Square Feet: 7,448
- Price per Square Foot: $215
Eric M. Garske from Marcus & Millichap represented the seller in the sale of La Grande Strip Center.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
Is there something missing? Send suggestions