Greenman OPEN Acquires Retail Properties In Sonneberg, Höhr-Grenzhausen, And Markneukirchen For £90M
Neustadter Straße 199, 96515 Sonneberg, Germany
$90,000,000
Building Size
—
Asset Type
Retail
Closing
Jan 27, 2022
About this deal
AI
The property asset involved in this closed transaction is a retail property located at Neustadter Str. 199, 96515 Sonneberg; Am Moorsberg 10A 56203 Höhr-Grenzhausen & Poststraße 2, 08258 Markneukirchen in Germany. The property was purchased for a total price of £90,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: £90,000,000
- Purchaser: Greenman OPEN - James McEvoy
The purchaser, James McEvoy, represented by Greenman OPEN, played a key role in this transaction.
The retail sale at Neustadter Straße 199, 96515 Sonneberg, Germany in Thuringia sold for $90M in 2022. Neustadter Straße 199, 96515 Sonneberg, Germany is classified as Retail on Traded. This page is the Thuringia file for the Neustadter Straße 199, 96515 Sonneberg, Germany retail sold: pricing, party profiles, and other closed retail comps from the same Thuringia sit in the Market section below. Filter that local retail set by closing date to see what else sold near Neustadter Straße 199, 96515 Sonneberg, Germany around 2022. Published consideration for Neustadter Straße 199, 96515 Sonneberg, Germany is $90M, dated 2022. Cite this Greenman OPEN Acquires Retail Properties In Sonneberg, Höhr-Grenzhausen, And Markneukirchen For £90M sale when underwriting similar retail product around Thuringia.
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93