Portland · Commercial sale
Supreme Bright Portland I buys 515 SW Clay St in Portland for $9.5 million
A hotel at 515 SW Clay St, Portland sold for $9,500,000 on October 5, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $9,500,000
- Sold
- October 5, 2026
- Property type
- Hotel
- Building area
- 79,571 sq ft
- Price per sq ft
- $119
- Year built
- 1962
The hotel at 515 SW Clay St in Portland sold for $9,500,000 on October 5, 2026, according to the Multnomah County Assessor's sales records.
The records list Supreme Bright Portland I LLC as the buyer. They show 79,571 square feet of building area, a 0.8-acre lot and a build year of 1962.
At $119 per square foot, the sale price was 36% above the recorded market value of $7,010,000, the Assessor's records show.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Multnomah County?
By our estimate, the seller's two largest charges, not counting prorations, were $18,300 for the owner's title insurance policy and $650 for the escrow fee. Who pays what follows Multnomah County custom.
How much did the seller net?
By our estimate, the seller netted about $9,458,268. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $9,478,024 at closing. That covers the full price and closing costs.
Source: Multnomah County Assessor, via PortlandMaps taxlots, document R246270-20261005. Property details: Multnomah County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
