Triangle Equities Acquires Development Site In East Orange For $317M
6327 Monroe Cole Rd Dallas, GA 30157, USA
$36,600,000
Building Size
—
Asset Type
Development Site
Closing
Jun 5, 2022
AI
533 Main Street in East Orange is the subject of a recent closed property transaction. The property, identified as a development site, was involved in the deal.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $317,000,000
- Loan Image: Lester Petracca & Josh Weingarten
- Loan Date: 11/30/2022
- Market: East Orange
The key individuals and companies involved in the transaction include Triangle Equities represented by Lester Petracca & Josh Weingarten, Goldman Sachs represented by Michael Lohr, Basis Investment Group, and Incline Capital.
Players
Dallas Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93