Portland · Commercial sale
Point West Credit Union buys 5824 NE Sandy Blvd in Portland for $1.2 million
A restaurant at 5824 NE Sandy Blvd, Portland sold for $1,195,000 on August 31, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $1,195,000
- Sold
- August 31, 2026
- Property type
- Restaurant
- Building area
- 5,733 sq ft
- Price per sq ft
- $208
- Year built
- 1940
The restaurant sold for $1,195,000 on August 31, 2026, 15% below its recorded market value. The Multnomah County Assessor's sales records show the sale and value.
The deed covers 2 parcels. 5824 NE Sandy Blvd is the largest one we could identify. The record lists Point West Credit Union as the buyer.
The Assessor's records show 5,733 square feet of building area, a build year of 1940 and a 5,670-square-foot lot. The price works out to $208 per square foot. The market value on record is $1,412,010.
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 $3,351 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 $1,189,112. 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 $1,193,919 at closing. That covers the full price and closing costs.
Source: Multnomah County Assessor, via PortlandMaps taxlots, document R259756-20260831. 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.
