British Airways Pension Fund Sells Liverpool Office Building For £40M
Unity, 20 Chapel St, Liverpool L3 9 Ag, Uk
$40,000,000
$257/SF
Building Size
155,391 SF
Asset Type
Office
Closing
Jul 9, 2020
About this deal
AI
The property involved in the sale is an office located at 20 Chapel Street in Liverpool. The transaction took place on July 10, 2020. The property has a total square footage of 155,391. The sale price for this office space was £40,000,000, resulting in a price per square foot of £257.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: £40,000,000
- Address: 20 Chapel Street
- Market: Liverpool
The seller of the property was the British Airways Pension Fund, represented by Morgan Williams. The buyer was represented by Jeremy Hodgson from Allsop.
Players
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93