Updated Dec 19, 2023
CLS Acquires Office Building In Düsseldorf For €25M From Seller Alstria Office REIT-AG
Kanzlerstraße, 40472 Düsseldorf, Germany
$25,000,000
Building Size
—
Asset Type
Office
Closing
Feb 16, 2022
About this deal
AI
CLS, represented by Fredrik Widlund, has purchased an office property located at Kanzlerstraße 840472 Düsseldorf, Germany. The transaction took place on 17/02/2022, with a purchase price of €25,000,000. The vendor in this deal was Alstria office REIT-AG.
Summary of transaction details
- Property Type: Office
- Transaction Amount: €25,000,000
- Date: 17/02/2022
- Address: Kanzlerstraße 840472 Düsseldorf
- Sector: Germany
- Purchaser: CLS - Fredrik Widlund
- Vendor: Alstria office REIT-AG
Fredrik Widlund from CLS acted as the purchaser's representative in this transaction.
The office sale at Kanzlerstraße, 40472 Düsseldorf, Germany in Dusseldorf, North Rhine-Westphalia sold for $25M in 2022. Kanzlerstraße, 40472 Düsseldorf, Germany is classified as Office on Traded. This page is the Dusseldorf, North Rhine-Westphalia file for the Kanzlerstraße, 40472 Düsseldorf, Germany office sold: pricing, party profiles, and other closed office comps from the same Dusseldorf sit in the Market section below. Filter that Dusseldorf office set by closing date to see what else sold near Kanzlerstraße, 40472 Düsseldorf, Germany around 2022. Published consideration for Kanzlerstraße, 40472 Düsseldorf, Germany is $25M, dated 2022. Cite this CLS Acquires Office Building In Düsseldorf For €25M From Seller Alstria Office REIT-AG sale when underwriting similar office product around Dusseldorf, North Rhine-Westphalia.
Players
Dusseldorf Office Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93