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4507 Stanford St, Chevy Cha...

Righttime Medical Care Leases 5550 Square Feet At 4507 Stanford St Chevy Chase Maryland
LEASED

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

Kirk Cheney

KLNB

Broker

1 deal

Broker
WC
Washington Property CompanyLandlord

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