Office building in Frankfurt am Main.
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
- three passenger lifts
- ceiling height approx. 2.55 m
- cooling system
- parking for 109 cars
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%.
Two anchor tenants.
The lease agreement is valid until 2022.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
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.