ABG Capital Acquires Office Property In München For €150M From Seller Goldman Sachs Asset Management & DW Real Estate GmbH
Landsberger Straße, 80687 Munich, Germany
$150,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 21, 2021
About this deal
AI
The office property located at Landsberger Str. 155/159 in München, Germany has been sold in a recent transaction. The transaction took place on 21/12/2021, with the property being purchased for €150,000,000. The property is situated in the München sector and falls under the asset class of office properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: €150,000,000
- Address: Landsberger Str. 155/159, 80687 München, Germany
- Market: München, Germany
The vendor of the property was Goldman Sachs Asset Management & DW Real Estate GmbH, while the purchaser was ABG Capital - Ulrich Höller. The deal was facilitated by Colliers and CBRE, acting as agents in the transaction.
Players
Munich Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93