Updated Oct 29, 2024
Wafra Capital Partners Acquires Property From Coca-Cola Company For $907 Million At 711 5th Ave
711 5th Ave, New York, NY, 10022
$907,000,000
Building Size
—
Asset Type
Commercial
Closing
Aug 23, 2019
About this deal
AI
The property asset involved in this transaction is located at 711 5th Ave, New York, NY, 10022. The Coca-Cola Company was the seller of the property, which was sold for a total price of $907,000,000. The market for this asset is New York, and it is significant to note that the square footage was recorded as 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $907,000,000.00
- Address: 711 5th Ave, New York, NY, 10022
- Market: New York
- Seller: Coca-Cola Company
- Buyer: Wafra Capital Partners
- Seller's Representative: Kevin Donner, Adam Spies, Avery Silverstein, Douglas (Doug) Harmon - Newmark
This transaction highlights the involvement of Wafra Capital Partners as the buyer, indicating their commitment to acquiring assets in this location. The deal was managed by a team of representatives from Newmark, who facilitated the sale on behalf of Coca-Cola Company.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse New York commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93