InfraRed Capital Partners Acquires Industrial Property In Saint Helens For £17.6M
Mere Grange, St Helens, Saint Helens Wa9, Uk
$17,600,000
$108/SF
Building Size
162,000 SF
Asset Type
Industrial
Closing
Sep 22, 2020
AI
Mere Grange, an industrial property located in Saint Helens, was recently sold for a price of £17,600,000. The property spans across an area of 162,000 square feet, which equates to a price per square foot of £109. The transaction took place on 09/23/2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: £17,600,000
- Address: Mere Grange, Saint Helens
- Market: Saint Helens
The sale was facilitated by Network Space, represented by Stephen Barnes. The buyer, InfraRed Capital Partners Ltd, was represented by Dean Harrison. The broker for the transaction was Simon Wood from B8 Real Estate.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93