Powell station

POWELL STATION – PORTLAND, OR
Selling Price $2,450,000
Year Built 1999
Total Units: 14 Units
Price Per Unit: $175,000
Sale Price: $30,000 Over Ask

CLIENT SUCCESS STORY – LENDING SOLUTIONS DRIVE CLOSING

CLIENT GOAL
The sellers of Powell Station were approaching a maturing loan and needed a strategic exit that preserved equity while avoiding disruption to their investment timeline. After connecting with our in-house financing division, MMCC, and reviewing their options, the sellers chose to bring the property to market with The Christensen Group to take advantage of continued demand for newer vintage, small-scale multifamily assets in Portland.

CHALLENGE
Although Powell Station was built in 1999 and offered modern layouts, the property needed to appeal to a buyer pool navigating rising interest rates and tighter lending conditions. Ensuring loan execution for both seller and buyer was critical to achieving a smooth close—particularly with a rapidly approaching maturity deadline.

ACTION
The Christensen Group positioned the asset to highlight its 1999 construction, efficient unit mix, and stable tenancy—making it an ideal long-term hold for private capital. Simultaneously, our MMCC team worked with the sellers to evaluate refinance versus sale options, ultimately supporting the listing decision. On the buy-side, we helped the buyer secure new financing, ensuring both sides had aligned paths to closing.

RESULT
We generated multiple competitive offers and successfully closed the deal at $2,450,000—$30,000 over the asking price. The buyer secured a well-located, newer-vintage Portland asset at a low-5% cap rate, while the sellers exited before their loan matured, with full execution support from start to finish. This transaction showcases The Christensen Group’s end-to-end capabilities—advising on both brokerage and financing to drive seamless, mutually beneficial outcomes.