It is a multi-functional building for sale in the capital of Baden-Württemberg.
The total area of the five-storey building is 16,466 m².
The plot of 9,205 m².
The property was built in 1982 and now is in good overall condition.
There is a parking for 127 cars.
All areas are leased out to three tenants.
Absolute income is 1,400,000 €.
The current yield of 6,3%.
The anchor tenant is Synlab Group – a large company providing medical, veterinary and laboratory services.
Synlab Group employs more than 7,000 people and its annual turnover exceeds €700 million.
The new lease agreement is isgned for 15 years.
Another tenant is the German post office, the lease agreement is valid until 2020, there are extension options.
The third tenant is a police department, a new lease agreement is signed for 10 years.
Notary fee of 1,5%.
RE purchase tax of 5%.
The broker's fee of 4,76%.
The property is located in the North-Eastern Stuttgart.
Public transportation and metro stations are in the neighborhood.