Sabliere Property - 28 rue de la Sabliere 75014 Paris (France)

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LOCATION Paris 14th district
TARGET MARKET 14th District of Paris and Montparnasse Area
DESCRIPTION The property, located at the address municipally known as 27-29 rue de la Sablière, 75014 Paris, France, was constructed in 1985, and is comprised of a 41,043 square foot (3,813 square meter) building. The six-storey building with two underground levels is situated in the region of Ile de France, in the 14th district of Paris, which engulfs the majority of the Montparnasse region, along with the Tour Montparnasse and the metro station Montparnasse Bienvenue which is an important hub for travelers and tourists. The property is leased to a total of five tenants, with the main tenant, Direction Spécialisée des Impots (the French Tax Authority), occupying 40% of the total GLA in accordance with a nine year lease expiring in June, 2021. Inovalis has managed the property since June 9, 2005. The property is currently 100% (taking into account the vendor lease) occupied with a weighted average remaining lease term of 5.0 years as of September 30, 2014.
TOTAL GLA 41,043 sq.ft
OFFICE GLA 39,719 sq.ft
RETAIL GLA 0
OCCUPANCY 99.4%
PARKING 35 units
BUILT 1985
RENOVATED N/A
GROSS INCOME -
WALT 4.14 years
% OF TOTAL GLA 3%