Baillie Morton Investment Management Acquires Retail Property In Berkhamsted, Hertfordshire For £9.03M
300 High St, Berkhamsted Hp4 2 Zx, Uk
$9,027,000
$376/SF
Building Size
24,000 SF
Asset Type
Retail
Closing
Sep 17, 2020
About this deal
AI
The retail property located at 300 High Street in Berkhamsted, Hertfordshire has been sold for a total price of £9,027,000. The asset comprises a spacious area of 24,000 square feet, resulting in a price per square foot of £376.125. The property was sold by Lothbury Investment Management, represented by Jo Bond, to Baillie Morton Investment Management, represented by Angus Baillie.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: £9,027,000
- Address: 300 High Street, Berkhamsted, Hertfordshire
- Market: Berkhamsted, Hertfordshire
- Sale Price per Square Foot: £376.125
- Seller: Lothbury Investment Management – Jo Bond
- Buyer: Baillie Morton Investment Management – Angus Baillie
- Seller's Representative: KLM Retail
- Buyer's Representative: TW Keil
Angus Baillie of Baillie Morton Investment Management and Jo Bond of Lothbury Investment Management played key roles in this property transaction. KLM Retail represented the seller, Lothbury Investment Management, while TW Keil acted as the buyer's representative for Baillie Morton Investment Management.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93