Klein Enterprises Acquires Retail Portfolio In Maryland, Virginia & Pennsylvania For $130M
Virginia, United States
$130,000,000
Building Size
—
Asset Type
Retail
Closing
Jul 14, 2022
About this deal
AI
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.
The retail sale at Virginia, United States in Buckingham, Virginia sold for $130M in 2022. Virginia, United States is classified as Retail on Traded. This page is the Buckingham, Virginia file for the Virginia, United States retail sold: pricing, party profiles, and other closed retail comps from the same Buckingham sit in the Market section below. Filter that Buckingham retail set by closing date to see what else sold near Virginia, United States around 2022. Published consideration for Virginia, United States is $130M, dated 2022. Cite this Klein Enterprises Acquires Retail Portfolio In Maryland, Virginia & Pennsylvania For $130M sale when underwriting similar retail product around Buckingham, Virginia.
On the Map
$130,000,000
Retail
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Players
Buckingham 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93