Updated Dec 19, 2023
Irish Assurance Company Acquires Mixed-Use Property In Den Haag, NL For €15M
Casuariestraat 5, 2511 Vb Den Haag, Netherlands
$15,000,000
$357/SF
Building Size
42,022 SF
Asset Type
Mixed-use
Closing
Nov 24, 2021
About this deal
AI
Located at Casuariestraat 5 in Den Haag, Netherlands, this mixed-use property has recently been involved in a closed transaction. The transaction took place on November 24, 2021. The property spans an area of 42,022 square feet and is situated in the Den Haag sector of the Netherlands. The purchase price for this property was approximately €15,000,000, resulting in a price per square foot of €357. The vendor for this transaction was Catella Real Estate AG (CREAG), while the purchaser was Irish Assurance Company.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: €15,000,000 (approx.)
- Square Footage: 42,022
- Price per Square Foot: €357
- Address: Casuariestraat 5, 2511 VB Den Haag, Netherlands
- Vendor: Catella Real Estate AG (CREAG)
- Purchaser: Irish Assurance Company
Representing the buyer and seller in this transaction were Iris Gozé and Jeroen van Maaren from Catella Investment Management Benelux (CIMB). They played a crucial role in facilitating the deal between Catella Real Estate AG (CREAG) and Irish Assurance Company.
Players
The Hague Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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