Ardstone & CBREG Acquire Cardiff Office On Kingsway For £13M
2 Kingsway, Cardiff Cf10 3 Fd, Uk
$13,000,000
$333/SF
Building Size
39,000 SF
Asset Type
Office
Closing
Jun 30, 2020
About this deal
AI
The office property located at 2 Kingsway in Cardiff has been sold for a total price of £13,000,000. The property spans across 39,000 square feet, resulting in a price per square foot of £333. The transaction took place on 07/01/2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: £13,000,000
- Address: 2 Kingsway, Cardiff
- Market: Cardiff
- Square Footage: 39,000
- Price per Square Foot: £333
The seller of the property was Delancey, represented by John Kehoe. The buyer of the property was Ardstone & CBREG, represented by JLL. Avison Young acted as the seller's representative in the deal.
Players
Cardiff Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93