Office building in Frankfurt am Main, Hesse, Germany

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Office building in Frankfurt am Main, Hesse, Germany

19,500,000 €
2,091 € /m²
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  • Total area
    9,324 m²
  • Yield
    5.1 %
  • Built in 
    1973
Details
Property parameters
  • Land area: 3,609 m²
  • Number of parking lots: 109
  • 12-floor building
Financial performance
  • Annual income: 990,795 €
Tenants
  • Fully let
  • End of lease: 2022
Property status
  • Most recent total renovation: 2000
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 3.57 %

Office building in Frankfurt am Main.

Description

A twelve-story office building with a total area of 9,324 m²:

  • office space 8,699 m²
  • utility rooms 549 m²
  • apartment 76 m²

Equipment

  • three passenger lifts
  • ceiling height approx. 2.55 m
  • cooling system
  • kitchens
  • parking for 109 cars

Financial performance

The current annual income is 990,795 €.

The current yield is 5.1%.

The expected annual income is 1,023,459 €.

The expected yield is 5.2%.

Tenants

Two anchor tenants.

The lease agreement is valid until 2022.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 3% + VAT 19% (total 3.57%).

Location

The building is located in the western part of Frankfurt am Main, 10 km from the historic center. Many well-known and high-tech companies have their headquarters here.

Frankfurt am Main is the largest city in the land of Hessen and the 5th largest city in Germany. Its population is more than 730,000 people. Frankfurt is the center of commerce, culture, education, tourism and a transport hub. Frankfurt is the 2nd city in Germany and the 48th in the world in terms of the cost of living (Mercer Human Resource Consulting).

There are about 43,000 companies in Frankfurt. The city is the site of many global and European corporations: Nestlé Deutschland, LinkedIn, Kern AG, Lufthansa Consulting. Messe Frankfurt — the 3rd largest international exhibition center in the world, has more than 800-year history. Annually Messe Frankfurt holds more than 100 exhibitions around the world.

Frankfurt International Airport is among the 10 largest in the world, its passenger traffic is more than 54 million people a year.

There are the world's largest educational institutions in Frankfurt, including the world-famous Goethe University with more than 44,000 students.

  • Property on the map
    Location right down to the building, street or city

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

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Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a office building purchase with a construction loan

Investment vehicle
Office building
Construction loan
Yield per annum
5.1%
8—10%
Investment budget
19,500,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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