Klein Enterprises Acquires Retail Portfolio In Maryland, Virginia & Pennsylvania For $130M
SOLD
$130,000,000
Virginia
See Similar DealsRetail
Sold 07/14/2022
SOLD
Klein Enterprises Acquires Retail Portfolio In Maryland, Virginia & Pennsylvania For $130M
Virginia, United States
See Similar DealsRetail
Sold 07/14/2022
Summary
VIRGINIA
Asset Type:Retail
Transaction Type:Sale
A retail portfolio located in Maryland, Virginia, and Pennsylvania has been sold for a total price of $130,000,000. The portfolio comprises a collection of retail properties in various locations within these states.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $130,000,000
The buyer of the retail portfolio is Klein Enterprises, represented by Daniel Klein. On the other hand, the seller is Cedar Realty Trust. The transaction was successfully completed on July 14, 2022.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$461,862.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$616,266.32
Annual Debt Service$7,395,195.87
Is there something missing? Send suggestions