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708973 | Frankfurt am Main Cap rate: ca. 3,8 % Office Build

Frankfurt am Main Cap rate: ca. 3,8 % Office Build
Type: buy
Price€765.000.000,00
Seller
Quantity: 1
Availability: yes
Location: Frankfurt am Main, Germany

Frankfurt am Main Cap rate: ca. 3,8 % Office Building The Tower in  Germany is a 180+ meter tall building situated in the heart of Frankfurt's financial district Lettable area 67.000m2 Own underground parking: 280 public and 286 private spaces in Germany.

Location:

Frankfurt am Main,

The Tower in Frankfurt Germany is a 180+ meter tall building situated in the heart of

Frankfurt's financial district.

Construction year :

1993

Refurbishment year:

2014 and 2017

Type of use:

Modern office asset in the middle of Frankfurt CBD

Lettable area:

67.000m2, 1.400m2 per floor

Own underground parking:

280 public and 286 private spaces

Tenancy:

The office tower is now fully leased with 90 percent of the rent derived from long-term leases with

Deutsche bank and xxxxbank.

Occupancy Rate:

Very high

WALT:

New agreements soon with bank, so it will be safe and long term

Rent Income

€28.3m net pa

Cap rate:

ca. 3,8 %

Environmental certificate:

SUSTAINABILITY + GREEN BUILDING

LEED gold certification for existing buildings (2012)*, air conditioning with natural fresh air inside

the building, cooled using heat instead of electricity, natural cooling using outside air,

environmentally friendly waste recycling,

(*LEED is the internationally recognized benchmark for top-quality ‘green buildings’)

We are ready to provide with more detailed financial data upon signature of soft LOI (without penalties for non-buying) showing the financial credibility and interest of the potential buyer.

 

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