Corestate Acquires Condominium Complex In Dreieich For €43.6M
Hauptstraße 24, 63303 Dreieich, Germany
$43,600,000
Building Size
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Asset Type
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Closing
Feb 1, 2022
About this deal
AI
The Fünf Häuser Quartier condominium complex located at Hauptstraße 24, 63303 Dreieich in Germany has been sold in a closed transaction. The purchase price for the property was €43,600,000. The seller of the complex was Schoofs Immobilien, while the buyer was Corestate. The deal was facilitated by Blank Real Estate, acting as the agent for the transaction.
Summary of transaction details:
- Property Type: Condominium Complex
- Transaction Amount: €43,600,000
- Address: Fünf Häuser Quartier, Hauptstraße 24, 63303 Dreieich, Germany
Blank Real Estate, a real estate agency, represented Corestate in their acquisition of the Fünf Häuser Quartier condominium complex. This transaction marks a significant deal in the real estate market, showcasing the investment potential in Germany's condominium sector.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93