Rockwell Acquires Office Property In Elephant And Castle, London For £45M
99 101 Newington Causeway, London Se1 6 Bn, Uk
$45,000,000
$1,589/SF
Building Size
28,314 SF
Asset Type
Office
Closing
Feb 6, 2020
AI
The office building located at 99-101 Newington Causeway in Elephant and Castle, London, has been sold in a closed transaction. The property, measuring 28,314 square feet, was acquired by Rockwell – Donal Mulryan for a total sale price of £45,000,000. The purchase price equates to a price per square foot of £1,589.
Summary of transaction details
- Property Type: Office
- Transaction Amount: £45,000,000
- Street Address: 99-101 Newington Causeway
- Market: Elephant and Castle, London
The seller, Salvation Army, was represented by Andrew Cox from Savills. On the buyer's side, Avison Young acted as the buyer's representative. These key individuals and companies played crucial roles in completing the sale of the office property.
Players
London 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93