Property Detail

Office Building in Madrid for Sale, Lease Agreement Ends 2023, NNN lease

Office Building in Madrid for Sale, Lease Agreement Ends 2023, NNN lease

Property type: office building
Purchase of established rental business

Location: Madrid, Spain

Building size: ca. 23,100 m2

Main tenant: international fashion brand

Occupancy: 100%

Triple Net Lease (NNN lease): tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.

Lease Agreement ends: 2023 (+ renewal options)
Possibility of renewal: YES
Rent Review: YES

Purchase price: 32,000,000 euro
(+ closing costs)

Income: 2,256,733 euro per annum
(+ indexation linked to inflation)

Yield: 7.1%

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http://www.brantstone.com/property/office-building-for-sale-in-madrid-spain-07032956 07032956 Office Building in Madrid for Sale, Lease Agreement Ends 2023, NNN lease