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CBL Properties Sells The Promenade Retail Center In D'Iberville For $83.1 Million
SOLD
$83,100,000
Mississippi
See Similar DealsRetail621,000 SF
Sold 07/22/2025
SOLD
CBL Properties Sells The Promenade Retail Center In D'Iberville For $83.1 Million
3821 Promenade Parkway
See Similar DealsRetail621,000 SF
Sold 07/22/2025
Summary
MISSISSIPPI
Asset Type:Retail
Price Per Square Foot:$133
Total Square Footage:621,000 SF
Transaction Type:Sale
A retail property located at 3821 Promenade Parkway in D'Iberville, MS was sold by CBL Properties. The asset spans 621,000 square feet and was transacted for $83,100,000 at a price per square foot of $134.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $83,100,000
- Square Footage: 621,000
- Address: 3821 Promenade Parkway
- Market: D'Iberville, MS
- Seller: CBL Properties
- Cap Rate: 8.5%
The deal was characterized as an all-cash transaction. CBL Properties was the sole seller involved in this closed property deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,432,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$295,236.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$393,936.40
Annual Debt Service$4,727,236.75
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