Updated Oct 29, 2024
Baker & Finnemore And Cirteq Lease Warehouse In Birmingham - Siddall Jones Represents
6, 7 Camden Dr, Birmingham B1 3 Le, Uk
Building Size
10,000 SF
Asset Type
Industrial
Closing
Sep 14, 2020
About this deal
AI
A warehouse located at Unit 6-7, Camden Drive, Jewellery Quarter in Birmingham has been leased. The property, with a size of 10,000 square feet, was leased by Baker & Finnemore and Cirteq. The landlord for this lease is Pall Mall Estates. The lease was facilitated by Ryan Lynch of Siddall Jones. The asking rent for the warehouse was £4.75 per square foot. The lease term is for a period of 10 years.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: Not Available
- Address: Unit 6-7, Camden Drive, Jewellery Quarter, Birmingham
- Market: Birmingham
- Tenant: Baker & Finnemore and Cirteq
- Landlord: Pall Mall Estates
- Broker: Ryan Lynch - Siddall Jones
This lease transaction showcases the cooperation between Baker & Finnemore, Cirteq, and Pall Mall Estates. Ryan Lynch of Siddall Jones acted as the broker facilitating the deal. The warehouse, located in the vibrant Jewellery Quarter of Birmingham, offers ample space with its 10,000 square feet. The lease agreement spans a period of 10 years. This transaction presents a valuable opportunity for Baker & Finnemore and Cirteq to establish their operations in this desirable location.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93