Bradford Asset Management Acquires Retail Property In Orange, France For €35.5M
Centre Commercial Les Vignes à Orange, Rue Cinsault, 84100 Orange, France
$35,500,000
$108/SF
Building Size
328,299 SF
Asset Type
Retail
Closing
Nov 24, 2021
About this deal
AI
In a closed transaction, Bradford Asset Management has purchased a retail property in Orange, France. The property, located at Orange Les Vignes - Rue Cinsault 84100 Orange, spans 328,299 square feet. The purchase price for the property was €35,500,000, resulting in a price per square foot of €108. Commerz Real, represented by Henning Koch, served as the vendor in the deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: €35,500,000
- Square Footage: 328,299
- Price per Square Foot: €108
- Vendor: Commerz Real - Henning Koch
Bradford Asset Management, the purchaser in this transaction, successfully acquired the retail property in Orange, France. The deal represents an exciting opportunity for the company to expand its portfolio and further establish its presence in the area.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93