Limestone Asset Management And Orion Real Estate Group Acquire Walgreens Portfolio For $62.2M
SOLD
$62,200,000
Illinois
See Similar DealsRetail
Sold 06/22/2020
SOLD
Limestone Asset Management And Orion Real Estate Group Acquire Walgreens Portfolio For $62.2M
Walgreens Portfolio
See Similar DealsRetail
Sold 06/22/2020
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Sale
The Walgreens Portfolio recently changed hands in a transaction led by Limestone Asset Management and Orion Real Estate Group. The property, a retail asset, was sold for a substantial amount of $62,200,000.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $62,200,000
The deal was facilitated by Brian Pfohl and Maury Vanden Eykel from CBRE, who acted as the brokers in the transaction. Ibrahim Al-Rashid of Limestone Asset Management and Kevin Sanz of Orion Real Estate Group were the buyers involved in the purchase.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$220,983.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$294,859.73
Annual Debt Service$3,538,316.80
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