Marcus & Millichap Sells 224-Unit Residential Apartments In Portland
177 Northshore Blvd, Portland, TX 78374, USA
Building Size
204,168 SF
Asset Type
Other
Closing
Sep 21, 2020
About this deal
AI
The residential apartments located at 177 Northshore Blvd in Portland have been sold. The transaction took place on September 22, 2020. The property, consisting of 224 units, was listed for sale by Kent Myers from Marcus & Millichap.
Summary of transaction details
- Property Type: Residential Apartments
- Transaction Amount: Not specified
- Units: 224
- Address: 177 Northshore Blvd, Portland
- Market: Portland
Kent Myers from Marcus & Millichap represented the seller/buyer/landlord/tenant in this deal.
Traded’s record for 177 Northshore Blvd, Portland, TX 78374, USA in Portland, Texas covers a other sale from 2020. Reported inventory is 204,168 square feet across 224 units, or about 0 per square foot. Marcus & Millichap appears on the sale alongside Marcus & Millichap. This page is the Portland, Texas file for the 177 Northshore Blvd, Portland, TX 78374, USA other sold: pricing, party profiles, and other closed other comps from the same Portland sit in the Market section below. Filter that Portland other set by closing date to see what else sold near 177 Northshore Blvd, Portland, TX 78374, USA around 2020. Cite this Marcus & Millichap Sells 224-Unit Residential Apartments In Portland sale when underwriting similar other product around Portland, Texas.
Players
Portland Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93