RCG Ventures Holdings LLC Acquires Patton Creek Shopping Center In Hoover From Global Net Lease Inc For $9.22M
4445 Creekside Avenue
$9,220,000
Building Size
—
Asset Type
Retail
Closing
Mar 25, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 4445 Creekside Avenue in Hoover, AL. RCG Ventures Holdings LLC acquired the property for a price of $9,220,000. This acquisition forms part of a larger strategy, as RCG Ventures is involved in a multi-tenant retail portfolio purchase valued at $1.8 billion from Global Net Lease Inc.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,220,000
- Buyer: RCG Ventures Holdings LLC
- Seller: Global Net Lease Inc
- Sale Date: 03/25/2025
- Market: Hoover, AL
This transaction features RCG Ventures Holdings LLC as the buyer and Global Net Lease Inc as the seller. The deal highlights RCG Ventures' strategy in expanding their retail portfolio through significant investment in commercial assets.
On the Map
$9,220,000
Retail
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Players
Hoover Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93