Updated Dec 18, 2023
Icade Sells Office Building In Paris For €186M To Olivier Wigniolle
35 Rue De La Gare, 75019 Paris, France
$186,000,000
$702/SF
Building Size
264,792 SF
Asset Type
Office
Closing
Jan 3, 2021
About this deal
AI
The property involved in the transaction is an office located at 35 Rue de la Gare, 75019 Paris, in the city of Paris, France. The property has a total square footage of 264,792. The purchase price for this office was €186,000,000, resulting in a price per square foot of €702. The vendor of the property is Icade, represented by Olivier Wigniolle.
Summary of transation details
- Property Type: Office
- Transaction Amount: €186,000,000
- Address: 35 Rue de la Gare, 75019 Paris, France
- Square Footage: 264,792
- Price per Square Foot: €702
- Vendor: Icade - Olivier Wigniolle
Olivier Wigniolle, representing Icade, played a crucial role in this transaction. His presence ensured a smooth deal between the parties involved. Icade, a reputable company in the real estate industry, made this strategic sale of an office property in Paris, France.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93