Principal European Office Fund Acquires Mixed-Use Property In Lisbon, Portugal For €42.25M
Rua Dom Luís I, 1200 109 Lisbon, Lisboa, Portugal
$42,250,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 26, 2022
About this deal
AI
The property at Rua Dom Luís I, 1200-109 Lisboa, Portugal, has been sold in a closed transaction. The mixed-use asset, owned by Patrizia TransEuropean VI, was purchased by Principal European Office Fund for a price of €42,250,000.
Summary of Transaction Details
- Property Type: Mixed use
- Transaction Amount: €42,250,000
- Vendor: Patrizia TransEuropean VI
- Purchaser: Principal European Office Fund
- Agent: Irina Va - Principal Real Estate
Irina Va, from Principal Real Estate, represented the buyer, Principal European Office Fund, in this transaction.
Players
Lisbon 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93