Kamco Invest Group Acquires Office Building In Frankfurt For €155M
Neue Börsenstraße 1, 60487 Frankfurt, Germany
$155,000,000
Building Size
—
Asset Type
Office
Closing
Jan 31, 2022
AI
The office property located at Neue Börsenstraße 1, 60487 Frankfurt am Main, Germany has been sold in a transaction that took place on 31/01/2022. The sale was facilitated by Commerz Real AG as the seller and completed with a purchase price of €155,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: €155,000,000
- Buyer: Kamco Invest Group - Mohammad Al Othman
- Seller: Commerz Real AG
- Buyer's Representative: Dirk Ruppert - Cells Group
- Seller's Representative: BNP Paribas Real Estate & Cushman & Wakefield
The buyer, Kamco Invest Group represented by Mohammad Al Othman, acquired the property from Commerz Real AG. Dirk Ruppert from Cells Group acted as the buyer's representative, while BNP Paribas Real Estate & Cushman & Wakefield represented the seller in the transaction.
Players
Frankfurt Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93