SOLDRetail
JR Capital Acquires Retail Property In Leeds For £4.35M
14 22 Lands Ln, Leeds Ls1 6 Lb, Uk
$4,350,000
Building Size
—
Asset Type
Retail
Closing
Mar 29, 2020
About this deal
AI
The retail property located at 14-22 Lands Lane in Leeds was recently sold on March 30, 2020. The property, which is situated in the Leeds market, was sold for a total price of £4,350,000. The selling price reflects a net initial yield of 7%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: £4,350,000
- Address: 14-22 Lands Lane
- Market: Leeds
The buyer in this transaction was JR Capital, represented by Caleb Stewart. Avison Young acted as the broker for the sale.
Players
Leeds 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93