Office building in Frankfurt am Main, Hesse, Germany

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Office building in Frankfurt am Main, Hesse, Germany

25,895,000 €
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  • Yield
    3.8 %
  • Rental rate (m²/month)
    15 €
  • Built in 
    2016
Details
Property parameters
  • Leasable area: 5,400 m²
  • Land area: 4,200 m²
  • Number of parking lots: 80
Financial performance
  • Annual income: 994,000 €
Tenants
  • Fully let
  • End of lease: 2028
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 3.57 %

Office building in Frankfurt.

Description

Building with a leasable area of 5,400 m²:

  • 3,400 m² office and laboratory
  • 2,000 m² warehouse

Car parking for 80 places.

Financial performance

The annual income is 994,000 €.

The yield is 3.8%.

Tenants

The property is fully let. The tenant is a Spanish multinational chemical and pharmaceutical concern.

The lease agreement is valid until 2028 with extension options 2x5 years.

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 business district of Frankfurt am Main. The S-Bahn ride to the city center and airport will take less than 5 minutes.

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.

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    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

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

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

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
3.8%
8—10%
Investment budget
25,895,000 €
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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