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2 Trinity Ct 18,060 SF 100% Leased Office Building Wolverhampton WV10 6TB $4,063,609 ($225.01/SF) 10.84% Cap Rate
Investment Highlights
- Excellent road communications with the M6 and M6 Toll motorways 3 miles (4.8 km) to the east
- Own main line railway station with a frequent direct service to London Euston
- Bus route running to and from Wolverhampton city centre every 10 minutes
Executive Summary
The property is multi-let to 3 strong corporate tenants including; Handelsbanken plc, Speller Metcalfe Malvern Ltd and Taylor Wimpey UK Ltd with a Weighted Average Unexpired Lease Term of 2.8 years to breaks and 3.3 years to expiry.
Total passing rent of £346,107 per annum, reflecting an average of £19.16 per sq ft
The interest being sold is the Freehold in the footprint of the buildings together with a proportion of the shares in the management company that owns Trinity Court.
Total passing rent of £346,107 per annum, reflecting an average of £19.16 per sq ft
The interest being sold is the Freehold in the footprint of the buildings together with a proportion of the shares in the management company that owns Trinity Court.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
18,060 SF
Building Class
B
Year Built
2008
Price
$4,063,609
Price Per SF
$225.01
Cap Rate
10.84%
NOI
$440,495
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,025 SF
Building FAR
0.42
Lot Size
0.98 AC
Parking
74 Spaces (4.1 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Signage
- Energy Performance Rating - C
- Reception
- Direct Elevator Exposure
- Drop Ceiling
- Air Conditioning
- Raised Floor System
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2 Trinity Ct
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