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Sky Lab. Brentwood Rd 39,410 SF Office Building Brentwood CM14 4DZ $22,472,061 CAD ($570.21 CAD/SF) 8.50% Cap Rate


INVESTMENT HIGHLIGHTS
- Let to Sky for a further 7.75 years
- A self-contained property comprising R&D facilities, ancillary offices and data rooms
- EPC B rating and was extensively refurbished in 2018
- The building generates a current passing rent of c.£1.1m a year
- Located a short walk from Brentwood Elizabeth Line station
EXECUTIVE SUMMARY
Offers are invited for the freehold interest in excess of £12,200,000, subject to contract and VAT. Net initial yield of 8.50% and low capital value of £310 per sq ft assuming purchasers costs of 6.71%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
39,410 SF
Building Class
B
Year Built
2002
Price
$22,472,061 CAD
Price Per SF
$570.21 CAD
Cap Rate
8.50%
NOI
$1,910,125 CAD
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
10,877 SF
Building FAR
0.75
Lot Size
1.21 AC
Parking
130 Spaces (3.29 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Commuter Rail
- Raised Floor
- Accent Lighting
- Energy Performance Rating - D
- Storage Space
- Demised WC facilities
- Secure Storage
- Drop Ceiling
- Air Conditioning
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Sky Lab. | Brentwood Rd
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