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Clarges St, Mayfair, London...

Updated Dec 21, 2023

Deka Immobilien Purchases Clarges Mayfair Mixed-Use Property In Mayfair, London
SOLDMixed-use

Deka Immobilien Purchases Clarges Mayfair Mixed-Use Property In Mayfair, London

Clarges St, Mayfair, London W1 J, Uk

$177,000,000

$2,723/SF

Building Size

65,000 SF

Asset Type

Mixed-use

Closing

Nov 17, 2020

About this deal

AI

The mixed-use property located at Clarges Mayfair, Mayfair W1J 8JB in Mayfair, London, has been sold in a closed transaction. The property was purchased by Deka Immobilien from the vendor, British Land, represented by Simon Carter. The purchase price for the property was £177,000,000, with a total square footage of 65,000. This translates to a price per square foot of £2,723.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: £177,000,000
  • Address: Clarges Mayfair, Mayfair W1J 8JB
  • Sector: Mayfair, London
  • Vendor: British Land
  • Purchaser: Deka Immobilien
  • Vendor's Agent: CBRE & Mayer Brown
  • Purchaser's Agent: Savills and Simmons & Simmons
  • Square Footage: 65,000
  • Price per Square Foot: £2,723

The deal was facilitated by the vendor's agent, CBRE & Mayer Brown, and the purchaser's agent, Savills and Simmons & Simmons. The involvement of these key individuals and companies highlights their roles in the transaction, with CBRE & Mayer Brown representing the vendor and Savills and Simmons & Simmons representing the purchaser, Deka Immobilien.

Players

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $2.7K per square foot on a published $177M for 65,000 square feet (2020).

Browse Connecticut mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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