Updated Dec 19, 2023
SOLDRetail
Tristan Capital Partners Sells Retail Property In Pessac, France To Yassine Berkane For €35M
Avenue Gustave Eiffel, 33600 Pessac, France
$35,000,000
Building Size
—
Asset Type
Retail
Closing
Feb 21, 2022
About this deal
AI
The retail property located at 1 bis Av. Gustave Eiffel, 33600 Pessac, France has been sold in a closed transaction for a purchase price of €35,000,000. The property is a part of the retail sector and was acquired by Yassine Berkane.
Summary of transation details
- Property Type: Retail
- Transaction Amount: €35,000,000
- Date: 22/02/2022
- Address: 1 bis Av. Gustave Eiffel, 33600 Pessac, France
- Purchaser: Yassine Berkane
- Vendor: Tristan Capital Partners
Yassine Berkane represented themselves as the purchaser in the transaction, while Tristan Capital Partners acted as the vendor.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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