Dan Houston And Amancio Ortega Acquire Office Portion Of 503 Broadway In Soho For $60M
FINANCED
$60,000,000
Wisconsin
See Similar DealsOffice47,000 SF
Financed 11/29/2020
FINANCED
Dan Houston And Amancio Ortega Acquire Office Portion Of 503 Broadway In Soho For $60M
503 Broadway St S, Menomonie, WI 54751, USA
See Similar DealsOffice47,000 SF
Financed 11/29/2020
Summary
WISCONSIN
Asset Type:Office
Price Per Square Foot:$1,276
Total Square Footage:47,000 SF
Transaction Type:Loan
Heng Sang Realty Corporation has sold the office portion of 503 Broadway in Soho, New York for $60,000,000. The property spans across 47,000 square feet, offering a substantial commercial space for potential tenants.
Summary of transaction details
- Property Type: Office Portion
- Transaction Amount: $60,000,000
- Address: 503 Broadway, Soho, New York
- Market: Soho
- Square Footage: 47,000sf
This significant deal involved Heng Sang Realty Corporation as the seller, while the buyer remains undisclosed. The lender in this transaction is Principal life insurance company. The sale of the office portion at 503 Broadway presents an exciting investment opportunity in the vibrant Soho market.
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
Contact
Get in touch with the broker you want
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
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions