Updated Oct 29, 2024
M7 Real Estate Acquires Galabank Business Park In Wilderhaugh, Galashiels Industrial Sale For £8.6M
Galabank Business Park, Wilderhaugh, Galashiels Td1 1 Pr, Uk
$8,600,000
Building Size
—
Asset Type
Industrial
Closing
Jul 28, 2020
About this deal
AI
The Galabank Business Park in Wilderhaugh, Galashiels was recently sold for a price of £8,600,000. The property is classified as an Industrial & Office asset and is located at an undisclosed address in the market. The sale transaction took place on July 29, 2020.
Summary of transaction details:
- Property Type: Industrial & Office
- Transaction Amount: £8,600,000
- Seller: Abercastle Investments Limited
- Buyer: M7 Real Estate – David Ebbrell
- Seller’s Representative: Jamie Thain – Galbraith, Morton Fraser LLP
- Buyer’s Representative: Colliers International & DWF
M7 Real Estate, represented by David Ebbrell, acquired the Galabank Business Park from Abercastle Investments Limited. The deal was facilitated by Jamie Thain from Galbraith, Morton Fraser LLP as the seller's representative. On the buyer's side, Colliers International and DWF served as the buyer's representative for the transaction.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93