- 27,285,000 €
- 4.7% yield
- Frankfurt am Main Office building 25,895,000 €
- Basic parameters
- Photo
№ 1,895,701
Office building in Frankfurt
25,895,000 €
- Total area —
- Yield 3.8%
- Cost in euros per m2 —
- Constructed 2016
Key project parameters
- Leasable area
- 5,400 m²
- Number of parking lots
- 80
- Constructed
- 2016
Project description
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.
Tenants
- Agreement
- Yes
- End of lease
- 2028
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.
Financial performance
- Yield
- 3.8%
The annual income is 994,000 €.
The yield is 3.8%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
Location and nearby infrastructure
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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Tranio helps to manage property after purchase
Our local team at Tranio in Germany will take up property management or recommend professional German partners.
The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.
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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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