Updated Oct 29, 2024
PRP Real Estate Management Investment Acquires Spring Valley Village Shopping Center For $47.5M
4851 Massachusetts Avenue Northwest Washington, District Of Columbia 20016, Usa
$47,500,000
$989/SF
Building Size
48,000 SF
Asset Type
Retail
Closing
Jun 21, 2023
About this deal
AI
The Spring Valley Village shopping center, located near the Maryland border in D.C., has been sold for $47.5 million. The retail property spans 48,000 square feet and is situated at 4851 Massachusetts Ave NW in Washington, DC. The sale price per square foot amounts to approximately $990.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $47,500,000
- Buyer: PRP Real Estate Management Investment
- Seller: Rosenthal Properties
- Market: Washington, DC
PRP Real Estate Management Investment has acquired the Spring Valley Village shopping center for $47.5 million. The buyer, represented by their broker, has made this strategic investment in the retail property.
On the Map
$47,500,000
$989/SF
Retail
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Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93