A mixed-use property acquired in Q1 2015 through a local German company and taken-over in Q2 2015. The property is located in the centermost area of the city of Chemnitz. Chemnitz is an industrial city and the third largest city in the state of Free Saxony. The property was constructed in the early 1900’s with a rentable area of 2,331m² -- 33% retail, 50% office, and 17& residential.
Real Capital has structured the transaction, secured financing, and will manage the property.