Barings Acquires Office Building In Milan For €40M From Deka
Viale Cassala 14, 20143 Milan Milan, Italy
$40,000,000
$294/SF
Building Size
135,625 SF
Asset Type
Office
Closing
Jan 13, 2022
About this deal
AI
The office property located at Viale Cassala, 14 20143 Milano MI, Italy, has been involved in a closed transaction. The purchase price for the property was €40,000,000, with a total square footage of 135,625. The price per square foot was €295. The transaction took place on 13/01/2022. The vendor of the property was Deka, while the purchaser was Barings, represented by Marco Corti & Gunther Deutsch.
Summary of transaction details
- Property Type: Office
- Transaction Amount: €40,000,000
- Square Footage: 135,625
- Price per Square Foot: €295
- Transaction Date: 13/01/2022
- Vendor: Deka
- Purchaser: Barings - Marco Corti & Gunther Deutsch
The deal was facilitated by brokers Marco Corti and Gunther Deutsch from Barings. They represented the purchaser in this transaction, ensuring a successful acquisition of the office property in Viale Cassala, Milan.
Players
Milan 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93