CapMan Nordic Real Estate II Fund - Magnus Berglund Acquires Retail & Office Property In Oslo For £39.9M
Lille Grensen, 0159 Oslo, Norway
$39,918,463
$789/SF
Building Size
50,590 SF
Asset Type
Mixed-use
Closing
Feb 16, 2022
About this deal
AI
The property involved in the transaction is located at Lille Grensen 50159, Oslo, Norway. It is a retail and office space covering an area of 50,590 square feet. The purchase price for this property is approximately £39,918,463, resulting in a price per square foot of £789.
Summary of transaction details
- Property Type: Retail & Office
- Transaction Amount: £39,918,463
- Address: Lille Grensen 50159, Oslo
- Sector: Norway
- Area: 50,590 square feet
The vendor in this transaction is the CapMan Nordic Real Estate II Fund, represented by Magnus Berglund.
Players
Oslo Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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