Marcus & Millichap Sells La Grande Strip Center Retail Property In La Grande, OR For $1.6M
11621 Island Avenue La Grande, OR 97850, USA
$1,600,000
$214/SF
Building Size
7,448 SF
Asset Type
Retail
Closing
Aug 2, 2023
About this deal
AI
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.
La Grande Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93