Updated Dec 21, 2023
Primevest Capital Partners Acquires Residential Development In Saarbrücken For €15M
Bahnhofstraße 41, 66111 Saarbrücken, Germany
$15,000,000
$309/SF
Building Size
48,438 SF
Asset Type
Development Site
Closing
Nov 19, 2021
About this deal
AI
The residential development located at Bahnhofstraße 41, 66111 Saarbrücken, Germany, has been sold in a closed property transaction. The property spans across 48,438 square feet and was purchased by Primevest Capital Partners, represented by Danica Cicmil. The transaction was completed on 19/11/2021. The purchase price for the property was €15,000,000, resulting in a price per square foot of €310. Hauser und Thiery acted as the vendor in this transaction.
Summary of transaction details
- Property Type: Residential Development
- Transaction Amount: €15,000,000
- Square Footage: 48,438
- Price per Square Foot: €310
- Purchaser: Primevest Capital Partners - Danica Cicmil
- Vendor: Hauser und Thiery
- Date: 19/11/2021
The residential development transaction was completed with the involvement of Primevest Capital Partners, represented by Danica Cicmil, as the purchaser. Hauser und Thiery acted as the vendor in this deal. The transaction marks the successful acquisition of the property in Saarbrücken, Germany.
On the Map
$15,000,000
$309/SF
Development Site
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Players
Saarbrücken Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93