Vault Equity Capital Acquires Aaron's Retail Portfolio In Texas, Michigan, Florida, And Virginia
$9,548,381
Building Size
—
Asset Type
Retail
Closing
Jan 22, 2024
About this deal
AI
The retail portfolio in Texas, Michigan, Florida, and Virginia has been sold in a transaction brokered by Marcus & Millichap. The portfolio, consisting of five properties, was purchased by Geoff Linden of Vault Equity Capital LLC for a total sale price of $9,548,381. The properties involved in this deal were part of a sale-leaseback arrangement with Aaron's LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,548,381
- Buyer: Geoff Linden - Vault Equity Capital LLC
- Seller: Aaron's LLC
- Brokers: Alan Lipsky, Barry Wolfe, Brian Hosey, Ryan Nee, Steve Chaben & Tim Speck - Marcus & Millichap
The sale-leaseback of the Aaron's portfolio involved efficient collaboration with Aaron's, resulting in a seamless closure in Q4 2023. The transaction attracted seven offers, demonstrating the demand and interest in the retail properties.
Players
Market 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
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93