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
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.
Players
Washington Retail Market Snapshot
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