Allsop Acquires Office Building In Luton For £62M
300 Capability Green, Luton Lu1 3 Pg, Uk
$62,000,000
$341/SF
Building Size
181,750 SF
Asset Type
Office
Closing
Mar 25, 2020
About this deal
AI
The office property located at 300 Capability Green in Luton has been sold for a price of £62,000,000. The building spans a total area of 181,750 square feet, which equates to a price per square foot of £341. The transaction took place on March 26, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: £62,000,000
- Square Footage: 181,750
- Price per Square Foot: £341
- Market: Luton
- Seller's Representative: LSH
- Buyer's Representative: Allsop
The building at 300 Capability Green is fully leased to BAE Systems for a period of 25 years, with an additional 10 years of income available. The property offers a stable and substantial income stream for the buyer, providing a lucrative investment opportunity.
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93