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Office Building Leased In Madrid For Sale

Madrid City, Madrid
Asking Price:
€3,439,500
Sales Revenue:
Available on request
Cash Flow:
Available on request

Office building, leased to an international company in Madrid.
The building is leased to a large international technology company. Total building area of 2 070 sq. m. ground floor - 1050 sq. m. First floor - 1 020 sq. m. the Building was built in 1987. The last repair was completed on June 01, 2017.
Madrid is the capital and largest city of Spain, as well as the administrative center of the province of the same name and the Autonomous community. The municipality is part of the area (komarki) of the Metropolitan area. The largest economic, political and cultural center of the country. The city has a population of 3,273 million (as of 2010).
The cost of the object - 3 439 500 euros. The lease agreement was signed on March 22, 1990. Great tenant for 29 years! Fully adapted building, which includes offices and a laboratory to suit your needs. The tenant has the intention to continue to rent the building for a long time. At the moment, the lease agreement is valid until December 31, 2019, with an extension for another 3 years. Yield - 4.66 % per annum (net) and 5 % per annum (gross). Additional information is available upon request. The documents are ready to deal.

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