Map pinKing of Prussia, PA, US, Americas

$33.5 Million Non-Performing Retail Loan | King of Prussia, PA

$33.5 Million Non-Performing Retail Loan   |   King of Prussia, PA_出售物業

特性

建築物面積 (淨面積)
166,875 平方呎
使用/出租率
83%
落成年份
2001
未支付本金餘額
HK$262,294,177
建筑等级
A
貸款狀態
非表現
現行利率
7.61%
到期日
2023/12/01

資產詳情

Jones Lang LaSalle ("JLL") has been retained on an exclusive basis by the Seller to arrange the sale of a $33.5mm non-performing retail loan (the "Loan" or "Note"). The Loan is secured by the first-lien mortgage on the fee-simple interest in a class A retail property in King of Prussia, PA (the "Property" or "Collateral"). In December 2023, the Loan went non-performing as a result of a maturity default.


The Collateral is comprised of a 3-story retail property located in King of Prussia, an affluent suburb of Philadelphia, PA. Built in 2001, the 166,875 SF Property is directly attached to a major shopping center and was 83% occupied as of September 2023. Featuring multiple high-performing tenants, the Property is advantageously located in one of the nation's premier shopping hubs with direct access to to Routes 202, 76, 422 and the Pennsylvania Turnpike.


The offering presents investors the opportunity to acquire the Loan at a favorable basis, with a potential path to ownership.

...

投資亮點

Path to Ownership

The non-performing Loan provides investors the ability to potentially step into the ownership position on a class-A property at an attractive basis.

  

Healthy Sales Productivity

With total sales at the property having increased approximately 10% since 2019, most of the retailers at the property are generating sales near, or above their respective chain averages.

  

Unparalleled Demographics

Situated in a densely-populated and well-heeled trade area, this location benefits from 637,100 thousand residents inside a 10-mile radius with an average household income of $170,800.

  

Highly-Trafficked Shopping Destination

Averaging 1.6M annual visitors, the shopping center ranks in the top 77th percentile in annual visitors for shopping centers in the U.S.

$33.5 Million Non-Performing Retail Loan | King of Prussia, PA (0 項物業)

聯絡地產代理

如有疑問,請查閱「常見問題」。
查閱「常見問題」Arrow Right
仲量聯行能助您管理投資組合及融資。請即通過電郵聯絡我們,了解我們如何助您實現目標。
最后更新
2024年3月13日