Copper Property CTL Pass Through Trust Sells Retail Portfolio In Delaware, Maryland, Virginia & New Hampshire For $65.2M
606 Christiana Medical Center, Newark, Delaware 19702, United States
$65,200,000
Building Size
—
Asset Type
Retail
Closing
Sep 11, 2022
About this deal
AI
The retail property located at 606 Christiana Mall; 10300 Little Patuxent Pkwy & 1695 Annapolis Mall Rd; 11801 Fair Oaks Mall, 6699 Springfield Mall & 310 Daniel Webster Hwy Ste 103; 21030 Dulles Town Cir has been sold in a recent transaction. The property is situated in Newark, DE; Columbia & Anapolis, MD; Fairfax, Springfield & Sterling, VA; and Nashua, NH. It is a retail asset.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $65,200,000
The seller of the property was Copper Property CTL Pass Through Trust, while the transaction was facilitated by Hilco Real Estate LLC.
Players
Newark Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93