Updated Dec 19, 2023
Sirius Real Estate Acquires Industrial Property In Neckartenzlingen, Germany For €34.5M
Stuttgarter Str., Neckartenzlingen, Germany
$34,500,000
Building Size
—
Asset Type
Industrial
Closing
Jan 12, 2021
About this deal
AI
The industrial property located at Stuttgarter Str. 45-51, 72654 Neckartenzlingen, Germany has been sold in a recent transaction. The purchase price for this property was €34,500,000. The property is owned by Hirschmann Electronics GmbH & Logwin Holding Immo Aschaffenburg GmbH and was purchased by Sirius Real Estate, represented by Andrew Coombs.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: €34,500,000
- Date: 01/12/2021
- Address: Stuttgarter Str. 45-51, 72654 Neckartenzlingen, Germany
Andrew Coombs, representing Sirius Real Estate, played a key role in the purchase of the property from Hirschmann Electronics GmbH & Logwin Holding Immo Aschaffenburg GmbH. This transaction strengthens Sirius Real Estate's presence in the industrial sector.
On the Map
$34,500,000
Industrial
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Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93