You will love this 3-story office building in Frankfurt. The building consists of 17 commercial premises, 15 of which are rented.
Year built – 1970 (overhauled in 1993)
Land Area –5,338 m2
Commercial Area – 4,729m2
Revenue from the rent – €471,027.24 (up to €524,547.24 if fully rented)
Rate of return – 6.73% (up to 7.5% if fully rented)
Price – €7,000,000
An anchor tenant is a state structure that leases about 2,000 square meters, the lease is valid until 2020 (on site since 2000).
Frankfurt is the largest city in Hesse federal land and the 5th largest in Germany. The population of the city is 700,000 people. It is a center of a large metropolitan area Rhine-Main with a population of 5.6 million people. Frankfurt is considered the center of commerce, culture, education, tourism and transportation. There are the European Central Bank, the Federal Bank of Germany, the Frankfurt Stock Exchange, the Frankfurt Fair and the Frankfurt Airport located in the city.
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Do not miss a unique opportunity to have a commercial property in Germany!
- Type of Property: Office building
- Property Type: Secondary market
- Status: Good
- Location: Frankfurt, Hesse, Germany
- Land Area: 5338 m²
- Total Area: 4729 m²
- Sale Price: €7,000,000