Office in Munich, Germany, 10 000 sq.m

An office building in Munich (land — Bavaria) is presented to your attention. The facility was built in 2007-2008 on a plot of 6 500 sq.m. There is a private underground parking for 61 cars. The parking lot was completely renovated in 2016, while the tenant took over part of the costs.

The office building has 2 underground and 2 ground floors. The facade is made in a modern style, in accordance with the requirements of the tenant. The property meets the highest security standards (closed territory, entrance control, special reflective glass, etc.). The building has production facilities, freight elevators, a warehouse of spare parts, materials. In the upper floors there are office spaces, meeting rooms, large halls for presentations. The building houses special equipment, production machines and devices of the tenant with a total cost of more than 15 million euros.

At the moment, the facility is fully leased. The tenant is a well-known global concern with AAA solvency ratings. The agreement is valid until 31.12.2026. The lessee has already expressed interest in extending the lease agreement for a new term, the terms of the new agreement — by agreement of the parties.

The total area is 10,000 sq.m.
Cost — 60,000,000 euros
Rental income — 2,571,000 euros/year
Profitability — 4.3%

There is a potential to expand the area and add another 1 floor, which will increase the value of the object and, as a result, increase its profitability.

Munich is a city on the Isar River, in southern Germany, in the federal state of Bavaria. The non-district city is simultaneously the administrative center of Bavaria and the administrative district of Upper Bavaria. The population of Munich is more than 1,550,000 people. Thus, it is the largest city in Bavaria and the third, after Berlin and Hamburg, city in Germany. Munich is home to the Government of Bavaria, the government of the district of Upper Bavaria, as well as the government of the Munich city district. Modern Munich is not only a center of cultural values, but also a major industrial and research center. Thanks to the famous universities, one of the most significant in the world, the Bavarian State Library, the Max Planck and Heinz Mayer-Leibniz Institutes, the nuclear research reactor and many other institutions, Munich holds a strong position in European science. Munich is also rightfully considered the IT capital of Germany. Real estate in Munich is the most expensive in Germany.

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