Carlton closed a major Madrid CBD office building investment sale

madrid office sale

December 15, 2019

Carlton’s Madrid office closed a major Madrid CBD office building investment sale where we accessed a Latin American investor who paid a 5% cap rate on a NNN, non-credit office lease which had only three years of remaining term (as you know, in the US, an asset like this would have traded at an 8-10% cap rate).  In addition we also arranged acquisition financing for the buyer on optimal terms which facilitated the transaction.

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Carlton closed a major Madrid CBD office building investment sale