APL Europe GmbH Acquires Office In München, Germany For €100M
Landsberger, Landsberger Straße, München, Germany
$100,000,000
$392/SF
Building Size
255,105 SF
Asset Type
Office
Closing
Nov 17, 2021
About this deal
AI
The office property located at Landsberger Str. 36880687 München, Germany has been sold in a closed transaction. The property spans 25,5105 square feet and is situated in the bustling city of München, Germany. It belongs to the office asset class and was purchased for a total price of €100,000,000, at a rate of €392 per square foot. The transaction took place on November 17, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: €100,000,000
- Square Footage: 25,5105
- Purchase Price per Square Foot: €392
The vendor for this transaction was Union Investment, a prominent player in the real estate market. The purchaser, APL Europe GmbH represented by Peng Zhang, acquired the property. Please note that no additional details were provided regarding the deal structure, financing, or other involved parties.
Players
Munich Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93