Righttime Medical Care Leases 5550 Square Feet At 4507 Stanford St Chevy Chase Maryland
4507 Stanford St, Chevy Chase, MD, 2...
Building Size
5,550 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 4507 Stanford St, Chevy Chase, MD, encompassing a total area of 5,550 square feet. This asset is situated in the Chevy Chase market, and it is associated with Righttime Medical Care, who has become the tenant under this lease arrangement with Washington Property Company acting as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4507 Stanford St, Chevy Chase, MD
- Tenant: Righttime Medical Care
- Landlord: Washington Property Company
- Square Feet: 5,550
- Tenant's Representative: Kirk Cheney (KLNB)
The lease transaction features tenant representation by Kirk Cheney from KLNB, highlighting his role in facilitating the agreement between Righttime Medical Care and Washington Property Company. This aspect underscores the involvement of a dedicated broker in securing the lease on behalf of the tenant.
Players
Chevy Chase CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93