Stonehill Acquires Bowling Green Retail Property With $42.3M Loan From Daniel Siegel & Greg Koenig
2625 Scottsville Road, Bowling Green, Kentucky 42104, United States
$42,300,000
$43,608/SF
Building Size
970 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
The property involved in the transaction is a retail asset located at 2625 Scottsville Rd, Bowling Green, KY. It has a total square footage of 970,523. The acquisition was made by Stonehill, represented by Daniel Siegel and Greg Koenig as lenders. The loan amount for this transaction is $42,300,000. The landlord for this property is Kohan Retail Investment Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $42,300,000
- Address: 2625 Scottsville Rd, Bowling Green, KY
- Market: Bowling Green, KY
- Square Footage: 970,523
- Lender: Stonehill - Daniel Siegel & Greg Koenig
- Landlord: Kohan Retail Investment Group
Daniel Siegel and Greg Koenig, representing Stonehill, played a crucial role in this acquisition deal. They facilitated the loan as lenders for the transaction, ensuring the successful completion of the acquisition.
On the Map
$42,300,000
$43,608/SF
Retail
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Players
Bowling Green Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93