Corum XL Acquires Nottingham Office Building For £6.3M
Ruddington Fields Business Park, 1 Mere Way, Ruddington, Nottingham Ng11 6 Js, Uk
$6,275,000
$30/SF
Building Size
206,000 SF
Asset Type
Office
Closing
Jun 30, 2020
About this deal
AI
1 Mere Way, located in Nottingham, has been sold in a recent transaction. The office property, spanning 206,000 square feet, was purchased for £6,275,000, equating to a price per square foot of £30.46.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: £6,275,000
- Seller: Three Peaks Nottingham Ltd – Michael Johal
- Buyer: Corum XL
- Seller's Representative: New West & Victor Ktori – Savills
- Buyer's Representative: LSH
The seller, represented by New West & Victor Ktori of Savills, was Three Peaks Nottingham Ltd, led by Michael Johal. On the other side of the deal, the buyer, Corum XL, was guided by LSH.
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.53%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93