James Dakin Acquires Office Building In Old Street, London For £46M
Brunswick Pl, Old Street, London Ec1 V 9 Pe, Uk
$46,000,000
$1,423/SF
Building Size
32,323 SF
Asset Type
Office
Closing
Jul 9, 2020
About this deal
AI
A closed office transaction took place on 07/10/2020 in London. The property located on Brunswick Pl, Old Street was sold for a price of £46,000,000. The office space spans an area of 32,323 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: £46,000,000
- Square Footage: 32,323
- Address: Brunswick Pl, Old Street
- Market: London
James Dakin acquired the property as the buyer. Karen Mason from Newmanor Law represented James Dakin as the broker in this transaction.
The office sale at Brunswick Pl, Old Street, London Ec1 V 9 Pe, Uk sold for $46M in 2020. The building is 32,323 square feet, implying about 1.4K per square foot on the published price. Named participants on the Brunswick Pl, Old Street, London Ec1 V 9 Pe, Uk sale are Karen Mason. This page is the market file for the Brunswick Pl, Old Street, London Ec1 V 9 Pe, Uk office sold: pricing, party profiles, and other closed office comps from the same area sit in the Market section below. Filter that local office set by closing date to see what else sold near Brunswick Pl, Old Street, London Ec1 V 9 Pe, Uk around 2020. Published consideration for Brunswick Pl, Old Street, London Ec1 V 9 Pe, Uk is $46M, dated 2020. Cite this James Dakin Acquires Office Building In Old Street, London For £46M sale when underwriting similar office product.
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Market 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93