Aviva Investors Acquires Office Building In London For £25M
112 116 Old Street., London Ec1 V 9 Bd
$25,000,000
$1,009/SF
Building Size
24,757 SF
Asset Type
Office
Closing
Nov 29, 2020
About this deal
AI
An office property located at 112-116 Old Street, London EC1V 9BD has been sold. The transaction took place on November 30, 2020. The property is situated in the London sector and has a total square footage of 24,757. The purchase price for the property was £25,000,000, with a price per square foot of £1,010. Aviva Investors, represented by Daniel McHugh, acquired the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: £25,000,000
- Square Footage: 24,757
- Price per Square Foot: £1,010
- Buyer: Aviva Investors - Daniel McHugh
Daniel McHugh, representing Aviva Investors, was the purchaser of the property located at 112-116 Old Street, London EC1V 9BD. The office property was sold for a total amount of £25,000,000, with a price per square foot of £1,010.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93