Property Description

A commercial (office) property purchased in Q3 2014 through a local German company and handed-over in Q4 2014. The property is located in Mitte (city center) in the vicinity of Potsdamer Platz, a top business district. The property was constructed in the 1994 and has a total rentable area of 8,229m² and 120 underground parking spaces. The property is occupied by a single tenant, a governmental agency, with a long rental contract. The strategy is to hold the property for the long-term and benefit from the high yield. Real Capital has structured the transaction, secured financing, and is managing the property.