Tag Archives: asset

Terreno Purchases Virginia Property – Yahoo Finance

The estimated stabilized cap rate of the asset is 7.5%. Total acquisition cost of the property included the initial purchase price, the effects of marking assumed debt to market, due diligence and closing costs, estimated near-term capital … “cap rate” … Continue reading

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Equity Residential Buys Prime Rental Complex – GlobeSt. com

AEW Capital Management LP sold the asset on behalf of an institutional client. Although the sale terms were not made public, the cap rate was in the 4.5-4.75% range. The “compressed” level of that cap rate indicates the high demand … Continue reading

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CB Richard Ellis marketing two big box properties – The Business Journal

Best Buy’s cap rate is at 9 percent while Office Depot’s is at 7.5 percent. A cap rate is decided by dividing the annual net operating income by the original price paid to buy the asset. So if a building … Continue reading

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Fitch Affirms SL Green’s IDR at ‘BB+’; Outlook Stable – Business Wire (press release)

Fitch Affirms SL Green's IDR at 'BB+'; Outlook StableBusiness Wire (press release)Unencumbered asset coverage of net unsecured debt (calculated as 2010 unencumbered property net operating income divided by a conservative 8% capitalization rate) results in coverage of 1.7x, which is … Continue reading

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Marcus & Millichap negotiates sale of Minnesota Walgreens to Nebraska investor – REjournals.com

Marcus & Millichap negotiates sale of Minnesota Walgreens to Nebraska investorREjournals.comThe asset commanded a sales price of more than $5.2 million and a capitalization rate of 7.14 percent. The Walgreens was sold to a Nebraska investor in a … read … Continue reading

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Hotel valuation in the air at Lodging Conference – Hotel News Now

Hotel valuation in the air at Lodging ConferenceHotel News Now“Cap rate is only an indicator,” Hoganson said. “You have to ask what you can do with that asset.” Clark said his company is looking at a hotel that shut … … Continue reading

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Fitch Assigns Initial ‘BBB+’ IDR to Kimco Realty Corporation; Outlook Stable – MarketWatch (press release)

Fitch Assigns Initial 'BBB+' IDR to Kimco Realty Corporation; Outlook StableMarketWatch (press release)Unencumbered asset coverage of unsecured debt, calculated by applying a capitalization rate of 8% to unencumbered net operating income (NOI), … and more » read more

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Jackson Square building fetches $14M – Bizjournals.com

Jackson Square building fetches $14MBizjournals.comThe capitalization rate on the deal was about 8 percent. The capitalization rate is the ratio between the net operating income produced by an asset and its … and more » read more

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Primaris Retail REIT Announces Significant Investment – MarketWatch (press release)

Primaris Retail REIT Announces Significant InvestmentMarketWatch (press release)Primaris estimates that this asset will generate a capitalization rate of 7.06% (meaning the estimated first twelve months net operating income divided by … and more » read more

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Excel Trust Acquires Properties for $71.7 Million – MarketWatch (press release)

Excel Trust Acquires Properties for $71.7 MillionMarketWatch (press release)… properties for a combined asset value of $71749078 at an approximate capitalization rate of 8.5% (excluding land for development in Rockwall, TX). …Excel Trust Buys Five Additional Properties For Combined Asset … Continue reading

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