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Javelin House Gloucester Business Park 52,626 SF Office Building Brockworth GL3 4AA $24,066,731 ($457.32/SF) 8.50% Cap Rate
Executive Summary
Instructed to seek offers in excess of £17,600,000 for the freehold interest, subject to contract and exclusive of VAT.
Assuming purchaser’s costs of 8.5%, an acquisition at this level reflects an attractive net initial yield of 7.75% and a low capital value of £297 per sq ft on Javelin House only.
Assuming purchaser’s costs of 8.5%, an acquisition at this level reflects an attractive net initial yield of 7.75% and a low capital value of £297 per sq ft on Javelin House only.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
52,626 SF
Building Class
B
Year Built/Renovated
2015/2022
Price
$24,066,731
Price Per SF
$457.32
Cap Rate
8.50%
NOI
$2,045,672
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
17,295 SF
Building FAR
0.60
Lot Size
2.00 AC
Parking
224 Spaces (4.32 Spaces per 1,000 SF Leased)
Amenities
- Energy Performance Rating - B
- Central Heating
- DDA Compliant
- Demised WC facilities
- Direct Elevator Exposure
- Reception
- Shower Facilities
- Drop Ceiling
- Raised Floor System
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Javelin House | Gloucester Business Park
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