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CBRE Facilitates $25M Sale Of Retail Center In Wilsonville To MOB Investments Inc

Property Image
SOLD
$25,000,000
Joseph (Joey) Blatner
Wes Bochner
Megan Wallachy

Oregon

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Retail149,756 SF
Sold 02/08/2024
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Property Image
SOLD

CBRE Facilitates $25M Sale Of Retail Center In Wilsonville To MOB Investments Inc

8309 Southwest Main Street & 8699 Southwest Main Street

See Similar Deals
Retail149,756 SF
Sold 02/08/2024
Joseph (Joey) Blatner
Wes Bochner
Megan Wallachy
the dealplayerscompscontact
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Summary

OREGON
Asset Type:Retail
Price Per Square Foot:$166
Total Square Footage:149,756 SF
Transaction Type:Sale

The Village @ Main Street, a retail center located at 8309-8699 Southwest Main Street in Wilsonville, OR, was sold by Village Commercial LLC to MOB Investments Inc. The sale price was $25,000,000 for a total square footage of 74,878, translating to a price per square foot of $334.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $25,000,000
  • Address: 8309-8699 Southwest Main Street, Wilsonville, OR
  • Market: Wilsonville, OR
  • Seller: Village Commercial LLC
  • Brokers: Joey Blatner, Megan Wallachy & Wes Bochner - CBRE
  • SF: 74,878
  • PPSF: $334

CBRE played a key role in facilitating the transaction, overseeing the sale of the Village @ Main Street. The deal was completed in 2024, making it Oregon's largest retail sale in the latter half of 2023.

Players

Joseph (Joey) Blatner
CBRE
Joseph Blatner
1 deal$25M volume(503) 221-4848
BROKER
Wes Bochner
CBRE
Wes Bochner
2 deals$43.7M volume(503) 496-4913
BROKER
Megan Wallachy
CBRE
Megan Wallachy
1 deal$25M volume(503) 221-4850
BROKER

Details

SOLD
IMAGE: Joey Blatner, Megan Wallachy & Wes Bochner DATE: 02/08/2024 ADDRESS: 8309-8699 Southwest Main Street MARKET: Wilsonville, OR ASSET TYPE: Retail SELLER: Village Commercial LLC BROKERS: Joey Blatner, Megan Wallachy & Wes Bochner - CBRE SALE PRICE: $25,000,000 SF: 74,878 ~ PPSF: $334 NOTE: CBRE facilitated the sale of Village @ Main Street, a retail center in Wilsonville, to MOB Investments Inc. for $25 million, marking Oregon's largest retail sale in the latter half of 2023.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05