Limestone Asset Management And Orion Real Estate Group Acquire Walgreens Portfolio For $62.2M
Walgreens Portfolio
$62,200,000
Building Size
—
Asset Type
Retail
Closing
Jun 22, 2020
AI
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.
Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93