Charger Ventures Acquires Property In Lexington Park For $38.5 Million, Represented By Michael Muldowney
46860 Hilton Dr, Lexington Park, MD...
$38,500,000
Building Size
—
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property located at 46860 Hilton Dr, Lexington Park, MD is part of the Lexington Park market. The transaction amount for this sale is $38,500,000.00. The property has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $38,500,000.00
- Address: 46860 Hilton Dr, Lexington Park, MD
- Market: Lexington Park
- Seller's Representative: Michael Muldowney (CBRE)
- Buyer: Charger Ventures
This transaction involved Charger Ventures as the buyer and Michael Muldowney from CBRE representing the seller in the deal. Further details about the seller are not provided.
On the Map
$38,500,000
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Players
Lexington Park CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93