DK WFNO LLC Acquires Retail Property In New Orleans For $31.4M
5600 Magazine Street, New Orleans, Louisiana 70115, United States
$31,400,000
Building Size
—
Asset Type
Retail
Closing
Sep 15, 2022
About this deal
AI
DK WFNO LLC has acquired a retail property located at 5600 Magazine St in New Orleans, LA. The transaction took place on September 16, 2022, with the property being sold for a total amount of $31,400,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $31,400,000
- Address: 5600 Magazine St, New Orleans, LA
- Date: September 16, 2022
- Market: New Orleans, LA
The buyer, DK WFNO LLC, successfully completed the acquisition of this retail property. The property is located at 5600 Magazine St in the vibrant market of New Orleans, LA. This strategic investment marks a significant milestone for DK WFNO LLC in expanding their retail portfolio.
Players
New Orleans Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93