Perseverance, LLC Acquires Retail Property In Albany, OR For $6M
SOLD
$6,000,000
Oregon
See Similar DealsRetail20,000 SF
Sold 10/26/2022
SOLD
Perseverance, LLC Acquires Retail Property In Albany, OR For $6M
1811 14th Avenue Southeast, Albany, Oregon 97322, United States
See Similar DealsRetail20,000 SF
Sold 10/26/2022
Summary
OREGON
Asset Type:Retail
Price Per Square Foot:$300
Total Square Footage:20,000 SF
Transaction Type:Sale
A retail property located at 1811 14th Ave. SE in Albany, OR has been sold for $6,000,000. The property spans 20,000 square feet, resulting in a price per square foot of $300. The sale was completed on October 26, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,000,000
- Address: 1811 14th Ave. SE, Albany, OR
- Square Footage: 20,000
- Price per Square Foot: $300
- Market: Albany, OR
The buyer of the property is Perseverance, LLC. They were represented by Todd VanDomelen from Norris & Stevens. The seller's representatives in the deal were Kevin Adalto and Lance Susser from CPX.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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