Perseverance, LLC Acquires Retail Property In Albany, OR For $6M
1811 14th Avenue Southeast, Albany, Oregon 97322, United States
$6,000,000
$300/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Oct 25, 2022
AI
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.
Players
Albany Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93