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99 101 Newington Causeway, ...

Rockwell Acquires Office Property In Elephant And Castle, London For £45M
SOLDOffice

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

Andrew Cox

Savills

Broker

$45M

vol

1 deal

Broker
SA
Salvation ArmySeller

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