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Outer Ring Road , Bangalore
10.00%
HIGH RENTAL YIELD
17.5%
HIGH RETURNS
₹10,600 psf
ATTRACTIVE PRICE
Outer Ring Road
LOCATION
Name
US-based Tech Company
Country
USA
Description
A customer service software and services company based in California with 18 global offices and 15,000+ employees.
Time Period
Lease Start Date
01 Apr 2023
Lock-in Period
7 YEARS
Lease End Date
01 Apr 2032
Tenant Highlights
1,71,402 SF
Total Area
₹96
Rent Per SF
9 YEARS
Lease Period
15%
Escalation
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Prestige Tech Platina is a LEED Platinum building on the main Outer Ring Road, the largest office corridor in Bangalore.
Proposed unit is spread across 4 floors totaling 171,402 sf
This is a rare opportunity to purchase 1,71,402 sf in a LEED Platinum building – Prestige Tech Platina on Outer Ring Road in Bangalore tenanted to a US-based company on a 9-year lease (7-year lock-in), at a price of ₹10,600 per sf implying a 10% yield and a 17.5% IRR.
Prestige Tech Platina is a LEED Platinum building on the main Outer Ring Road and is part of the larger Prestige Tech Park campus with MNC tenants like JP Morgan Chase, Adobe, Schneider Electric and Juniper Networks.
We believe this is a great opportunity to acquire a LEED Platinum asset developed by the Prestige group at a low purchase price of ₹10,600 per sf with a 7-year lock-in in Bangalore’s largest micro-market.
Investment Note
Detailed Investment Note
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Rental Yield
10%
Monthly Rent
₹ 18,741
Ownership
0.1%
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