Updated Dec 19, 2023
Patrizia AG Acquires Industrial Property In Madrid, Spain For €56M
C. De Maudes, 51, 28003 Madrid, Spain
$56,000,000
$56/SF
Building Size
990,280 SF
Asset Type
Industrial
Closing
Oct 11, 2021
About this deal
AI
The industrial property located at C. de Maudes, 51, planta 2ª, 28003 Madrid, Spain has been sold in a closed transaction. The property spans a total of 990,280 square feet and was acquired by PATRIZIA AG for €56,000,000. The purchase price per square foot was €57.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: €56,000,000
- Square Footage: 990,280
- Price per Square Foot: €57
Martin Trodden represented PATRIZIA AG in the acquisition of this industrial property in Madrid, Spain.
The industrial sale at C. De Maudes, 51, 28003 Madrid, Spain in Massachusetts sold for $56M in 2021. The building is 990,280 square feet, implying about 56 per square foot on the published price. This page is the Massachusetts file for the C. De Maudes, 51, 28003 Madrid, Spain industrial sold: pricing, party profiles, and other closed industrial comps from the same Massachusetts sit in the Market section below. Filter that local industrial set by closing date to see what else sold near C. De Maudes, 51, 28003 Madrid, Spain around 2021. Published consideration for C. De Maudes, 51, 28003 Madrid, Spain is $56M, dated 2021. Cite this Patrizia AG Acquires Industrial Property In Madrid, Spain For €56M sale when underwriting similar industrial product around Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93