LaSalle Investment Management Acquires Battersea Campus In London For £14.2M
Riverside, 1 Hester Rd, Battersea, London Sw11 4 An, Uk
$14,200,000
$12/SF
Building Size
1,100,000 SF
Asset Type
Other
Closing
Sep 2, 2020
About this deal
AI
The property asset involved in this closed transaction is a campus located at 1 Hester Rd, Battersea in the Battersea market of London. The property spans 110,000 square feet and was sold for a price of £14,200,000, resulting in a price per square foot of $129.
Summary of transaction details
- Property Type: Campus
- Transaction Amount: £14,200,000
- Address: 1 Hester Rd, Battersea
- Market: Battersea, London
- Square Footage: 110,000
- Price per Square Foot: $129
The seller in this transaction was The Monday Charitable Trust, while LaSalle Investment Management represented by Robin James acted as the buyer. The seller was represented by Carter Jonas, and BNP Paribas Real Estate served as the buyer's representative.
Players
Market Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93