Tristan Capital Partners And Cording Real Estate Acquire Mixed-Use Property In Holborn, London For £245M
SOLD
$245,000,000
England
See Similar DealsMixed-use1,089,000 SF
Sold 03/02/2020
SOLD
Tristan Capital Partners And Cording Real Estate Acquire Mixed-Use Property In Holborn, London For £245M
1 Southampton Row, Holborn, London Wc1 B 5 Ha, Uk
See Similar DealsMixed-use1,089,000 SF
Sold 03/02/2020
Summary
Asset Type:Mixed-use
Price Per Square Foot:$225
Total Square Footage:1,089,000 SF
Transaction Type:Sale
The mixed-use property located at 1 Southampton Row in Holborn, London has been sold in a closed transaction. The property spans a total area of 108,900 square feet and was sold for a price of £245,000,000, resulting in a price per square foot of £2,249.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: £245,000,000
- Square Footage: 108,900
- Address: 1 Southampton Row, Holborn, London
- Market: Holborn, London
The buyer of the property is Tristan Capital Partners, represented by Nicho Jenkins, and Cording Real Estate Group, represented by Mark Millar. The seller, LabTech Investments Ltd., is represented by Teddy Sagi. The buyer's representative in the transaction is Knight Frank.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$13,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$870,433.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,161,424.99
Annual Debt Service$13,937,099.92
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