A private Irish investor has purchased Block 2 at Blackrock Business Park for €8.75 million. The building had initially been listed for €10.25 million in April.
The new owner is set to earn a 9.5% return on investment, with a contracted rent of €919,999 per year. The three-storey office block covers 2,571 square meters and includes 71 parking spaces.
Tenants include Identigen and Becton Dickinson, with lease terms ranging from four to ten years. Both companies have recently completed fit-outs of their respective spaces.
Identigen specializes in food safety and traceability and was acquired by MSD Animal Health in 2020. Becton Dickinson is a global leader in medical technology.
This deal follows last year’s €13 million acquisition of neighboring office blocks by Remake Asset Management. Blackrock has seen significant redevelopment, including the renovation of Blackrock Village Centre and Frascati Shopping Centre.
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