Office building in Stuttgart, Baden-Württemberg, Germany

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Office building in Stuttgart, Baden-Württemberg, Germany

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  • Rental rate (m²/month)
    7 €
  • Built in 
    1998
Details
Property parameters
  • Leasable area: 39,500 m²
  • Number of parking lots: 380
Financial performance
  • Annual income: 3,240,000 €
Tenants
  • No tenants
  • End of lease: 2031
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 3.0% + VAT

Office building in Stuttgart.

Description

Building with a leasable area of 39,500 m².

Car parking for 380 spaces.

Financial performance

The annual income is 3,240,000 €.

Tenants

The lease agreement is valid until 2031.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

Brokerage fee is 3% + VAT 19% (total 3.57%).

Location and nearby infrastructure

The building is located in Stuttgart.

Stuttgart is the capital of Baden-Württemberg, one of the most important industrial and cultural centers of Germany. More than 630 thousand people live In Stuttgart (the 6th largest city in the country). The city with its agglomeration (5.3 million people) is one of 20 metropolitan areas with the largest percentage of gross domestic product in Europe.

Stuttgart is an important transport hub of Germany with an international airport (capacity of 11.8 million) and a railway station (traffic flow of 220k per day).

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    Marina Filichkina
    Marina Filichkina,
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