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
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.
Players
Buckingham 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93