Twelve-storey office building.
Description
The building was built in 1970 and is constantly renovated.
There is parking for 135 cars in the territory of the office.
Equipment
- fire protection
- air conditioning system
- system partitions walls
Financial performance
The absolute annual income is 950,000 €.
Current yield is 7.1%.
Tenants
An anchor tenant is a large network IT company, which occupies 30% of the building area.
The WALT is 4 years.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.0%.
Location and nearby infrastructure
The office building is located in the federal state of Hessen in the center of the town with a population of more than 20 thousand people.
There is the German Stock Exchange nearby.
There are also shops, a furniture network store and various car dealerships in the immediate vicinity.
