Building on 10-year lease to Logitech at Cork Airport Business Park up for sale

A single building let to Logitech at Cork Airport Business Park is for sale for €2.4 million, a year after the separate sale of five investment buildings there to Norwegian trust Adel Crest, for €15.1 million.

Coming to market with agents Savills is Building 3400, with just under 20,000 sq ft and let on a 10-year lease from 2012 to long-established IT firm Logitech, who have occupied units in several Cork business parks in recent years (see separate story on office deals above).

Niall Guerin of Savills describes the offer as a modern third-generation office and investment opportunity, and says the current rent is €146,904 pa.