SOLDOffice
Elite Partners Capital Acquires Office Building In Glasgow For £70M
Scottish Enterprise, 150 Broomielaw, Glasgow G2 8 Lu, Uk
$70,000,000
$723/SF
Building Size
96,759 SF
Asset Type
Office
Closing
Sep 22, 2020
About this deal
AI
The office property located at 150 Broomielaw in Glasgow has been sold in a closed transaction. The property spans a total of 96,759 square feet with a sale price of £70,000,000, resulting in a price per square foot of £723.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: £70,000,000
- Address: 150 Broomielaw, Glasgow
- Market: Glasgow
- Seller: CLAL
- Buyer: Elite Partners Capital – Victor Song
- Square Feet: 96,759
- Price per Square Foot: £723
Victor Song of Elite Partners Capital represented the buyer in this transaction.
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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93