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Mere Grange, St Helens, Sai...

InfraRed Capital Partners Acquires Industrial Property In Saint Helens For £17.6M
SOLDIndustrial

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

Simon Wood

Broker

$17.6M

vol

1 deal

Broker

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