Updated Dec 21, 2023
Icade Sells Office Property In Boulogne Billancourt For €45M
11 15 Avenue André Morizet, 92100 Boulogne Billancourt, France
$45,000,000
$836/SF
Building Size
53,820 SF
Asset Type
Office
Closing
Dec 11, 2020
About this deal
AI
The property involved in the transaction is an office building located at 11-15 Avenue André, Morizet 92100, Boulogne Billancourt in the Boulogne Billancourt sector. The property spans a total of 53,820 square feet.
Summary of transaction details:
- Property Type: Office
- Purchase Price: €45,000,000
- Square Footage: 53,820
The vendor of the property is Icade, with Olivier Wigniolle representing them in the deal. The sale is expected to be completed before the end of 2021, subject to customary conditions precedent being satisfied.
Players
Boulogne-Billancourt Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93