Updated Oct 29, 2024
UK Commercial Property REIT Limited Sells Office Building In London For £40M
2 3 Eldon St, London Ec2 M 7 Ls, Uk
$40,000,000
$878/SF
Building Size
45,535 SF
Asset Type
Single Family Residence
Closing
Jun 24, 2020
About this deal
AI
The office property located at 2–3 Eldon Street in London was sold in a closed transaction. The property was sold by UK Commercial Property REIT Limited, with the seller represented by Will Fulton. The sale was facilitated by Aberdeen Standard Investments.
Summary of transaction details
- Property Type: Office
- Transaction Amount: £40,000,000
UK Commercial Property REIT Limited acquired the property in 2015 for GBP27.8 million. Recently, they successfully completed their asset management plan, achieving full occupancy and capturing rental reversionary.
The single family residence sale at 2 3 Eldon St, London Ec2 M 7 Ls, Uk in City of London, England sold for $40M in 2020. The building is 45,535 square feet, implying about 878 per square foot on the published price. This page is the City of London, England file for the 2 3 Eldon St, London Ec2 M 7 Ls, Uk single family residence sold: pricing, party profiles, and other closed single family residence comps from the same City of London sit in the Market section below. Filter that City of London single family residence set by closing date to see what else sold near 2 3 Eldon St, London Ec2 M 7 Ls, Uk around 2020. Published consideration for 2 3 Eldon St, London Ec2 M 7 Ls, Uk is $40M, dated 2020. Cite this UK Commercial Property REIT Limited Sells Office Building In London For £40M sale when underwriting similar single family residence product around City of London, England.
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City of London Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $878 per square foot on a published $40M for 45,535 square feet (2020).
Browse City of London single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93