Baldi Property - 44/50 Avenue du Capitaine Glarner 93400 Saint-Ouen (France)

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LOCATION Saint-Ouen
TARGET MARKET Northern Inner Rim of Paris
DESCRIPTION The property, located at the address municipally known as 44/50 Avenue du Capitaine Glarner, 93400 Saint-Ouen, France, was constructed in 1991, and is comprised of 155,259 square feet (14,424 square meters) of GLA, of which 94,708 square feet (61%) is office space and 60,551 square feet (39%) is mixed use area. The four buildings are situated 300 meters from the Paris ring road. They are located around a central courtyard. The property is leased to a total of nine tenants, with the main tenant, Rue du Commerce, occupying 33% of the total GLA in accordance with a nine year lease expiring December, 2021. Inovalis has managed the property since September 30, 2005. The property is 100% (taking into account the vendor lease) occupied taking into consideration the vendor lease with AREF Second Property, with a weighted average remaining lease term of 4.3 years as of September 30th 2014.
TOTAL GLA 155,259 sq.ft
OFFICE GLA 94,708 sq.ft
RETAIL GLA 60,551 sq.ft
OCCUPANCY 81.6%
PARKING 239 units
BUILT 1991
RENOVATED N/A
GROSS INCOME -
WALT 5.76 years
% OF TOTAL GLA 11%