Principal Real Estate Acquires Retail Property In Lisboa, Portugal For €10.2M With Agent Principal Global Investors
Avenida Da República, 1050 196 Lisbon, Lisboa, Portugal
$10,200,000
$351/SF
Building Size
29,063 SF
Asset Type
Retail
Closing
Feb 1, 2022
About this deal
AI
The retail property located at Av. da República 81B1050-040 Lisboa has been sold in a closed transaction. The transaction took place on February 2, 2022, with Principal Real Estate purchasing the property for €10,200,000. The property has a total square footage of 29,063, resulting in a purchase price of €351 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: €10,200,000
- Square Footage: 29,063
- Price Per Square Foot: €351
- Address: Av. da República 81B1050-040 Lisboa
- Location: Lisboa, Portugal
Rober Leadbetter, representing Principal Real Estate, acted as the purchaser in this transaction. The deal was facilitated by Principal Global Investors, who served as the agent for Principal Real Estate.
Players
Lisbon 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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93