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711 5th Ave, New York, NY, ...

Updated Oct 29, 2024

Wafra Capital Partners Acquires Property From Coca-Cola Company For $907 Million At 711 5th Ave
SOLDCommercial

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.

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$907,000,000

Commercial

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Players

Avery Silverstein
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Avery Silverstein

Newmark

Broker

$15.1B

vol

66 deals

Broker
WP
Wafra Capital PartnersBuyer
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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

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