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Walgreens Portfolio

Limestone Asset Management And Orion Real Estate Group Acquire Walgreens Portfolio For $62.2M
SOLDRetail

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

Brian Pfohl

CBRE

Broker

$225.1M

vol

5 deals

Broker

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