| |
NEW TO GROWTHWIRE? Growthwire is an investment and corporate venturing intelligence service meeting the unique needs of growth and alternative fund managers, CEOs and other business leaders. |
| Headline |
Leaseback transaction (Expected yield 11 % ) |
| Investment Stage |
Private Placement
For Sale/Exit |
| Sectors |
Transport/Distribution - Warehousing
Transport/Distribution - Marine
Food/Catering - Other
Property - Other
Transport/Distribution - Road |
| Deal Value |
3,500,000 |
| Currency |
Europe - € |
| Country/Region |
UK/Western Europe Estonia |
| Summary |
Sale and leaseback transaction. Excise and custom Warehouse in the largest Baltic Sea Port. Property located in customs zone of the Port that is established large industrial district with ongoing expansion, 12 km from City center. Property summary: Land 27,214m2; Wearhouse total 8741m2; Office 667m2. (Constructed between 1993-2004).
The land is owned by the Port; Seller has building right (leasehold) of the property until 2042 (33 years to go). Leashold in estonia is well regulated and egual in most terms to freehold ownership of the land. (Alienable, bankable, registere).
Seller (Tenant) is the largest alcohol and tobacco importer and wholesaler in Baltic region with over 20 years of operations and annual turnover in 2008 over 45 Mill EUR. Proposed rent level is 3,9 EUR/m2 that is very in line with current depressed market conditions.
Seller expects the following conditions of the lease agreement for respective sale-leaseback transaction: Lease length 10 years with prolongation option; Rent level 3,9EUR/m2,e.g. total 36,724 EUR monthly; Rent payment includes payment for building rights of 7,970 EUR monthly, e.g. investor will receive monthly 28,754 EUR; Tenant covers all ongoing costs for the property, including land tax and insurance, and excluding payment for building rights.
NOI for the following 12 months is expected 345,000 EUR.
To see how Growthwire works please click here.
|
|
|
PLEASE NOTE:
- INVESTORS are required to comply with the financial and money laundering regulations of the country in which the Growthwire Authorised Advisor posting this listing is domiciled.
- MEDIA. If used as a news item this alert must be acknowledged as being sourced from 'Growthwire'
|
|
|
Back
|
|
