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708921 | Milan office building: 66,000 sqm A 5% cap rate 11

Milan office building: 66,000 sqm A 5% cap rate 11
Type: buy
Price€216.300.000,00
Seller
Quantity: 1
Availability: yes
Location: Milano, Italy

Milan office building: 66,000 sqm A 5% cap rate 11 floors above ground Parking: 1000+ spaces This is a tremendous opportunity to invest in a world-class property with an incredibly strong multinational tenant in Italy.

This is a tremendous opportunity to invest in a world-class property with an incredibly strong multinational tenant.

Investment: office building, 11 floors above ground

Located in the business district of xxxxxxxxx, one of the top 5 business districts within the Metropolitan area of Milan. The location offers easy access to a wide number of services (hotels, a selection of bank branches, restaurants, shopping centers). Easy access to Linate Airport as well as to the city center of Milan, by underground, train and car. The central location and ease of access to San Donato has made this the home to many multinational and large Italian companies.

  • • Total GLA: 66,000 sqm
  • • Year of construction: 1991
  • • Parking: 1000+ spaces
  • • Single strong multinational tenant. Rating A3 Moody’s.
  • • Occupancy 100%.
  • • Long lease term (17 years), first expiry in 2032
  • • Stabilised rent of €13.1m
  • • A 5% cap rate should be granted over the lifetime of the lease term.
  • • Share or asset deal possible.

 

To move forward:

 

-       Buyer / Buyer Rep to sign asset specific NCND/MFA

-       Buyer to submit Non-binding LOI and POF to connect with seller.

Make an Offer / Ask Seller a Question
 
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