COIMA SGR Acquires Retail Property In Milano For €60M
Piazza Venticinque Aprile, 20121 Milan Milan, Italy
$60,000,000
Building Size
—
Asset Type
Retail
Closing
Jan 25, 2022
About this deal
AI
Coima SGR, a real estate company based in Milan, Italy, has purchased a retail property located at Piazza Venticinque Aprile in Milano. The transaction, which took place on January 25, 2022, was valued at €60,000,000. The property is owned by Eataly Real Estate and was represented by Luca Baffigo. The buyer, Coima SGR, was represented by Manfredi Catella.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: €60,000,000
- Date: January 25, 2022
- Address: Piazza Venticinque Aprile, Milano MI
- Sector: Milano, Italy
The deal was facilitated by Manfredi Catella, the representative of Coima SGR, and Luca Baffigo, the representative of Eataly Real Estate. These individuals played key roles in the successful completion of this transaction.
Players
Milan Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93