Commercial property in Saarbrucken, Germany, 4 471 sq.m

Properties in Neunkirchen offer temporary storage space for machinery, special materials and steel, and are rented out with a rental period (WALT) of approximately 3.4 years. The building was built in 2000 on a plot of 13,505 m² and is currently used by Chriko GmbH and Greenyard. At the front of the building there is a main entrance with a reception and 10 loading gates along the building. The property offers approximately 3842 m² of storage space with a ceiling height of 6.5 m. There is approximately 628 m² of office and technical space on the 1st floor. Next to the building there is an external warehouse with an area of 726 m². Chriko is an international logistics company based in Luxembourg. The company operates throughout Europe and has offices in Germany, the UK and Luxembourg. Greenyard is the global market leader in fresh and processed fruits and vegetables, flowers and plants. The company has sales of approximately 4.4 billion euros (2021) and employs approximately 9,000 employees. Location: The site is located on the city border between Neunkirchen (46,000 inhabitants, the second largest city in the Saarland) and Bexbach (17,500 inhabitants). Neunkirchen is connected to the national road network by highways 6 (Saarbrücken – Waidhaus) and 8 (Perl Bad Reichenhall) as well as federal highway 41 (Saarbrücken – Bad Kreuznach). A railway line and a freight station near the center offer good routes for transporting goods. The nearest airport is also very easy to reach, just 30 minutes away. The property is located in the center of a developed commercial area approximately 6 km east of the city center.

Rental income per year total - 474451 Euros

Return on investment - 9.49%