It is an office building in Munich.
The three-storey building with a total area of 3,891 m² was built in 1972.
The ground floor hosts three stores.
The second floor accommodates 22 offices area ranging from 12 to 70 m².
The third floor is divided into 12 premises area ranging from 12 to 600 m².
There are 5 large storage spaces in the basement.
The building is equipped with two cargo and one passenger elevator.
There is also a parking for 40 cars.
There was a renovation in 2014:
- new windows;
- heat insulation;
- renovated toilets;
- replaced floors and new wiring.
Abslolute income is 430,635 €.
The current yield of 5,5%.
The building is fully leased to various tenants (about 40). Lease agreement are mostly perpetual, but 5 tenants signed contracts until 2019 with the extension options.
The property is situated in an industrial area, close to the A96 motorway in the direction of Munich/Lindau. The city center can be reached in 15 minutes.
You can easily reach the airport via the A99 motorway.