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Noordelijke Randweg 319, Vo...

Updated Dec 21, 2023

Catella Investment Management Benelux Acquires Multifamily In Voorburg, South Holland For €35M
SOLDMultiFamily

Catella Investment Management Benelux Acquires Multifamily In Voorburg, South Holland For €35M

Noordelijke Randweg 319, Voorburg, South Holland, Netherlands

$35,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 15, 2021

About this deal

AI

Catella Investment Management Benelux (CIMB) has acquired a multifamily property located at 319 Noordelijke Randweg, Voorburg, South Holland. The transaction, which took place on 15/11/2021, involved a purchase price of €35,000,000. Jac Huijsmans from CIMB represented the purchaser in this deal.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: €35,000,000
  • Date: 15/11/2021
  • Address: 319 Noordelijke Randweg, Voorburg, South Holland
  • Purchaser: Catella Investment Management Benelux (CIMB) - Jac Huijsmans

Jac Huijsmans, representing Catella Investment Management Benelux (CIMB), played a key role in the successful acquisition of this multifamily property in Voorburg, South Holland.

Players

Market MultiFamily Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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