Updated Dec 21, 2023
TwentyTwo Real Estate Acquires Retail Property In Chasse-sur-Rhone For €80M
1515 Avenue Frédéric Mistral, 38670 Chasse Sur Rhône
$80,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 10, 2021
About this deal
AI
Eurocommercial Properties, represented by Evert Jan van Garderen, has sold a retail property located at 1515 Av. Frédéric Mistral, Chasse-sur-Rhone, France. The transaction, which took place on October 12, 2021, involved the purchase of the property by TwentyTwo Real Estate for a total of €80,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: €80,000,000
- Address: 1515 Av. Frédéric Mistral, Chasse-sur-Rhone, France
- Sector: Chasse-sur-Rhone, France
Eurocommercial Properties, led by Evert Jan van Garderen, acted as the seller in this transaction. The buyer, TwentyTwo Real Estate, acquired the property for a significant price. The deal demonstrates the activity and investment being made in the retail sector in Chasse-sur-Rhone, France.
Players
Market 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93