Updated Dec 21, 2023
Centrum Group Acquires Office Building In Düsseldorf From Commerz Real For €31.8M
Speditionstraße 15, 40221 Düsseldorf, Germany
$31,800,000
Building Size
—
Asset Type
Office
Closing
Jan 4, 2021
About this deal
AI
The office property located at Speditionstraße 15, 40221 Düsseldorf, Germany, has been sold in a closed transaction. The transaction took place on April 1, 2022. The property, owned by Commerz Real, was purchased by Centrum Group. The purchase price for the property was €31,800,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: €31,800,000
Centrum Group, acting as the purchaser, negotiated the deal with Commerz Real as the vendor. The transaction marks a significant investment in the office sector in Düsseldorf, Germany.
Players
Dusseldorf Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93