Office Building For Sale Madrid, Spain

Office Building For Sale, Madrid, Spain
Commercial Real Estate
Madrid,

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Office Building For Sale In Madrid, Spain

Asking Price $38,000,000 Euro

This property is an OFF Market deal and has not been offered in the market yet!!!

Built in 1990, but completely renovated in 2005 this property is located in the center of Madrid, Spain. The building is the HQ of a Spanish Construction and RE Development company and is located in one of the best residential areas of Madrid in close vicinity to PєCastellana, the M30 and M40 highways. Distance to the airport: 15 minutes. Distance to Paseo Castellana: 3 minutes.

Location:	Madrid, Spain
Lot Size:	2.800 m2
Building Size:	9,000 m2
Parking:	127 spots
Owner:	The Company, founded in 1993, is specialized in Construction, Development, and Acquisition of rural and urban properties. It has developed more than 5,000 houses during the last 10 years. The company has also grown in size and has expanded geographically. Its growth has always been focused on diversification; Today’s portfolio comprises: housing developments, Construction Company, car parks, Hotel Company with more than 3,500 beds, shopping and leasure centers. The group ended the year 2006 with operating income of approximately Euro 202.9 million and a profit before tax of Euro 50.7 million euros
Sale & Lease Back:	The Company is interested to lease back the building with a min. 10 year lease contract based on a 5% triple net yield.