Commerz Real Acquires Office Space In Dublin 1, Ireland For €152.3M With Vendor's Rep CBRE
Guild St, North Dock, Dublin, Ireland
$152,300,000
$11,116/SF
Building Size
13,700 SF
Asset Type
Office
Closing
Jun 10, 2021
About this deal
AI
The office property located at Guild St, North Dock, Dublin 1, Ireland has been sold in a transaction on 06/10/2021. The property spans across 13,700 square meters and falls under the Dublin 1 sector in Ireland.
Summary of transaction details
- Property Type: Office
- Transaction Amount: €152,300,000
- Square Meters: 13,700
- Price per Square Meter: €11,117
The seller, Hibernia REIT plc, was represented by CBRE, while the purchaser, Commerz Real, was represented by Cushman & Wakefield. Kevin Nowlan served as the representative for Hibernia REIT plc, and Maja Procz represented Commerz Real in the transaction.
Players
Dublin 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93