EXECUTIVE SUMMARY
The property is located in a strategically attractive urban commercial location within Stuttgart. The investment case stems less from a classic prime office location than from the combination of inner-city scarcity of commercial space, existing commercial use, good regional accessibility, and medium- to long-term repositioning and densification options.
The location is clearly commercially oriented. The City of Stuttgart lists it in its commercial land-use planning as “Commercial building area (G)”, area type commercial space, strategy type “conversion, reorganization or new-build area”. At the same time, it is classified as an “island” commercial location.
Core investment thesis
“Urban value-add/development location in a Stuttgart market with structurally extremely scarce space, with an existing commercial base and optional repositioning and densification potential.”
INVESTMENT HIGHLIGHTS:
***Stuttgart: one of Europe’s most important industrial, technology and corporate locations.
***Stuttgart Region: approx. 2.8 million inhabitants and around 1.3 million employees subject to social insurance contributions.
***Urban commercial location: only a limited, hardly substitutable supply of land within the city.
***Conversion: explicitly classified by Stuttgart as commercial space and a conversion/reorganization area.
***In-place cash flow plus optionality: approx. EUR 370,000 current annual net cold rent, an attractive starting point for entering project development.
***Light industrial / trades / urban production: from today’s perspective, the most robust use case.
***Development: potentially substantial, with an attractive planning-law framework.
Plot Area
Baden-Württemberg
Purchase Price
11.904
realizable FAR in m²
Commercial space
30.883
CURRENT cold rent in € p.m.
Office, residential, services
100%
Occupancy Rate
Multi-tenant
1987
Year of Construction
Modernization 2013
P20423, Stuttgart, Commercial Site
Key facts
Areas
Grundstücksfläche: 6.625 m²
Bruttogeschossfläche: 3.700 m²
Nutzfläche: 2.485 m²
- davon Wohnen: 540 m²
- davon Büro: 570 m²
- davon Gewerbe: 1.375 m²
Age & Quality
Baujahr: 1987
Modernisierungen: 2013
Objektzustand: gepflegt
Qualität Ausstattung: mittel - normal
Leasing
Ziel-Kaltmiete p.a.: -
- €/m²
IST-Kaltmiete p.a.: 370.000 €
12,25 €/m²
WAULT: 2 bis 3 Jahre
Pachtvertragsart: -
Indexierung: -
Units & Tenants
Wohnen: 17
Büro: 1
Gewerbe: 3
TG-Stellplätze: -
Sale
VKP: 10.300.000 €
VKP p. m² realisierbare BGF: 865 €/m²
BRW: 2.915.000 €
BRW pro m²: 440 €/m²
Deal-Struktur: Asset-Deal
Provision: 5,95% inkl. USt.
Encumbrances & Notices
Denkmalschutz: nein
Sanierungsgebiet: nein
Baulasten: nein
Altlasten: Verdachtsfläche
Erbbaupacht: nein
Dienstbarkeiten: vorhanden
Location, Features, and Energy Performance Certificate
Location
Macro-location
Stuttgart – one of Europe’s leading business and technology locations
The state capital of Baden-Württemberg is one of Germany’s strongest business locations and forms the center of one of Europe’s most important industrial and technology regions. The Stuttgart Region has around 2.8 million inhabitants and about 1.3 million employees subject to social insurance contributions. Its economic structure is characterized by an exceptionally high concentration of internationally active corporations, innovative mid-sized companies, and technology-oriented research and development activities.
Alongside the globally significant automotive cluster, mechanical engineering, electrical engineering, IT, engineering, corporate services, as well as research and development form key pillars of the business location. With more than 29,000 companies and around 538,000 people employed at the place of work, the state capital has a labor and sales market that extends far beyond the city limits.
At the same time, the topographical conditions, high settlement density and competing land-use demands lead to a structural scarcity of available commercial and development sites within Stuttgart. Existing inner-city commercial locations therefore have high strategic importance for companies and real estate investors.
Stuttgart combines a large urban sales and labor market with proximity to the key business locations in the Neckar region. In particular for corporate real estate, light industrial, urban production, as well as technology- and service-oriented commercial uses, the location offers attractive long-term conditions.
Micro-location
Stuttgart-Bad Cannstatt – urban commercial location with long-term development optionality
The property is located in Stuttgart’s Bad Cannstatt district and thus within one of the state capital’s most important commercially and industrially shaped sub-areas.
The immediate surroundings are characterized by commercial, trades, automotive and service uses. The location on or near Schmidener Straße ensures good visibility and enables efficient access to the adjacent districts of Bad Cannstatt, Fellbach and Untertürkheim as well as the entire eastern Stuttgart business area.
A particular location quality results from the combination of an urban setting and the limited availability of comparable commercial space within Stuttgart’s city limits. This makes the site especially suitable for flexible corporate real estate, light-industrial, workshop, service, trades as well as technology-oriented uses.
The city’s commercial land-use planning classifies Hochflur as commercial space as well as a conversion, reorganization or new-build area, thereby underlining the long-term development perspective of the location.
From an investor’s perspective, the location thus combines existing commercial usability with medium- to long-term repositioning, densification and development optionality.
Features
no information
Energy Performance Certificate
The property is not a listed building.
The energy performance certificate will be provided by the time of the viewing.
Commission Notice
This sales offer is subject to commission. Upon conclusion of a purchase agreement, a commission claim arises on our part against the buyer of this property in the amount of 5.00% plus the statutory value-added tax on the notarized purchase price.
The commission is due when a corresponding purchase agreement is concluded (success case). A contract for brokerage services is concluded, for example, by utilizing offered brokerage services, such as requesting documents for the property or arranging a viewing.
This fee is also due if a third party concludes a purchase agreement due to unauthorized disclosure of the property offer by the recipient of the offer, and if the purchase is made through a subsidiary/affiliated company or a company connected to the recipient of the offer – even if it operates under a different name.
We would like to point out that we also act for the seller’s side for a fee.
Direct Contact
Are you interested?
P20423@starkpartners.de+49 2150 7058210
Our specialists
DISCLAIMER
This exposé is preliminary information; only the notarized purchase agreement serves as the legal basis. All information is provided to the best of our knowledge and belief, based on the available documents. However, no guarantee can be given for their accuracy. Errors and omissions excepted. The offer is non-binding. Prior sale is expressly reserved. Our company accepts no liability for this. Errors and prior sale reserved.
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