Arrow Capital Acquires Office In Crawley, West Sussex For £8.9M
Churchill Ct, Crawley Rh10, Uk
$8,900,000
$127/SF
Building Size
70,000 SF
Asset Type
Office
Closing
Sep 6, 2020
About this deal
AI
Located in Crawley, West Sussex, Churchill Court is an office property that recently changed ownership in a closed transaction on 9th July 2020. The property was sold by Clearbell Capital, represented by Martyn McCarthy, to Arrow Capital. The sale price for Churchill Court was £8,900,000, with a total square footage of 70,000, resulting in a price per square foot of £127.
Summary of transaction details
- Property Type: Office
- Transaction Amount: £8,900,000
- Square Footage: 70,000
- Price per Square Foot: £127
- Market: Crawley, West Sussex
Martyn McCarthy, representing Clearbell Capital, facilitated the sale of Churchill Court to Arrow Capital.
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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93