Dubonnet Property - 19-21 avenue Dubonnet 92400 Courbevoie (France)

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LOCATION Courbevoie
TARGET MARKET La Defense Periphery
DESCRIPTION The property, located at the address municipally known as 19-21 avenue Dubonnet, 92400 Courbevoie, France, was constructed in 1970 and is comprised of a 96,111 square foot (8,929 square metre) building predominantly consisting of office space, with a small amount of retail space that is leased to a private child care centre. The nine-story building with two underground levels is situated in the region of Ile de France, in Courbevoie, eight kilometres west of central Paris within a business area outside the central business district. It is in close proximity to the central business district of Paris and the major La Defense business area and is well served by a comprehensive road and public transportation network. The property is leased to a total of six tenants, with the main tenant, Smart & Co., occupying 51% of the total space in accordance with a seven year lease. HSBC France has guaranteed Smart & Co.’s lease up to approximately €1.6 million. Inovalis has managed the property since December 22, 2006.
TOTAL GLA 96,111 sq.ft
OFFICE GLA 91,074 sq.ft
RETAIL GLA 5,037 sq.ft
OCCUPANCY 84%
BUILT 1970
RENOVATED 2010
GROSS INCOME -
WALT 4.65 years
% OF TOTAL GLA 6%